Lending Club will provide a Consolidated 1099 Package for the 2016 tax year that includes all applicable Lending Club and Folio Investing* Note Trading Platform 1099 tax information in a single place. The Consolidated 1099 Package will include information that Lending Club and Folio Investing* are required to provide to you and to the IRS. Lending Club and Folio Investing do not provide tax, financial, or legal advice and this information is not intended to be tax, financial, or legal advice. You should consult your financial or tax advisor if you have any questions.
Depending on your financial situation and the activity in your account, the Consolidated 1099 Package will include some or all of the following forms:
The IRS will match the amounts reported in the forms listed above to the amounts reported in your tax return.
* 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.