Form 1099-B from Lending Club shows any recoveries and proceeds from previously charged off loans or Notes that were transferred out of your account.
Form 1099-B from Folio Investing* shows the proceeds and gains or losses from Notes sold on the Folio Investing Note Trading Platform.
See pages 5-9 of the 2016 Tax Guide for more information.
* Folio Investments, Inc. (“Folio Investing”) is a registered broker-dealer and member of FINRA and SIPC and operates the Note Trading Platform. Folio Investing is based in McLean, VA and is not affiliated with Lending Club. Folio Investing has no role in the original issuance of the Notes and is not responsible for and does not approve, endorse, review, recommend or guarantee the Notes or the accuracy, reliability, or completeness of any data or information about the Notes. More information about Folio Investing is available at www.folioinvesting.com.