All tax documents for the 2016 tax year will be available no later than January 31, 2017.
A Consolidated 1099 Package for 2016 will be posted in your LendingClub account's “Statements” section and will not be mailed to you, unless you have “opted-out” of electronic delivery of tax documents. You can “opt-out” of electronic delivery of tax documents by calling Investor Services at 888-596-3159 or emailing firstname.lastname@example.org. If you have “opted-out” of electronic delivery of tax documents, LendingClub will mail a paper copy of the Consolidated 1099 Package to you. It is your responsibility to check your account and review all information provided before filing your tax return.
This package will include all required LendingClub and Folio Investing* (if applicable) 1099 tax information in a single place.
LendingClub will also provide a downloadable 2016 Tax Guide with information about the data reported in the Consolidated 1099 Package.
LendingClub will alert you via email when the tax documents have been posted in your account. To learn more about what documents LendingClub issues, see “What tax documents does LendingClub issue?”
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.
* 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 LendingClub. 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.