Tax treatment and reporting is dependent on the type of account you have with LendingClub. In general, interest and other payments received in a LendingClub account are taxable. Retirement accounts, such as an Individual Retirement Account or Roth IRA, are generally tax-deferred.
If you have additional questions about what data is being reported on the year-end statement or IRS Forms 1099, please review LendingClub’s Tax Guide or contact us at firstname.lastname@example.org or 1-888-596-3159.
All other tax questions should be directed to your financial or tax advisor. LendingClub does not provide tax, financial, or legal advice and this information is not intended to be tax, financial, or legal advice. LendingClub recommends that you consult your financial or tax advisor if you have any questions.