Why Don’t I Have Tax Forms Posted to My Account?

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You may not receive a 1099 consolidated tax statement for the previous tax year for a few reasons, depending on certain account activities or account types.

Account activity

You won’t receive a 1099 consolidated tax statement if all of the following conditions are true:

  • You received less than $10 in net interest payments on your total portfolio.

  • You received less than $600 in incentive, bonus, or other miscellaneous payments from LendingClub.

  • You didn’t hold any Notes tied to loans charged off in the previous tax year, or you didn’t receive recoveries or net proceeds on Notes tied to charged-off loans or transfers.

Account type

You won’t receive a 1099 consolidated tax statement if your account is:

  • Tax-deferred (for example, an IRA)

  • A registered C-corporation

  • A registered tax-exempt organization

  • Any other type of entity for which LendingClub is not required to provide tax information

If you believe you should have received tax forms for the previous tax year based on the information above, please email tax@lendingclub.com.

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Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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