To assist retail traders navigate their Prosper-related tax submitting course of, we’ve created the 2024 Prosper Tax Information. This information has common details about the 1099 tax kind(s) chances are you’ll obtain from Prosper.
To entry the Prosper Investor Information for 2024, click on right here.
When you’re a retail investor who holds Notes from Prosper, right here’s what it’s essential to know:
In connection together with your funding via Prosper, chances are you’ll obtain the next types for the 2024 calendar yr:
- 1099-OID: Experiences web accrued curiosity of $10 or extra obtained in calendar yr 2024
- 1099-MISC: Experiences different earnings of $600 or extra (resembling late charges) obtained in calendar yr 2024
- 1099-B: Experiences gross proceeds from gross sales or recoveries obtained in calendar yr 2024 from Notes comparable to loans charged-off in 2024 or prior years
Your 1099 tax assertion(s) will likely be accessible in your Prosper account by the next dates:
- 1099-OID and 1099-MISC will likely be accessible no later than January 31, 2025
- 1099-B will likely be accessible no later than February 15, 2025
Please notice that it’s your duty to verify your account and evaluation all data offered earlier than submitting your tax return.
Prosper doesn’t present tax, monetary or authorized recommendation and neither this publish nor Prosper’s tax information is meant to be tax, monetary or authorized recommendation. We advocate that you just seek the advice of together with your monetary or tax advisor when you have any questions. The IRS additionally gives steerage on the again of the 1099 tax kind(s) designed to explain what’s reported in every field on the shape and the place the quantity could also be reported on an earnings tax return.
