Account information required to import tax forms into TurboTax

To import your Lending Club 1099s into TurboTax, you will need the following information:

• Your Lending Club Account Number;
• Your Lending Club User ID (your email address); and
• Your SSN

 To import your LendingClub 1099s into TurboTax, please follow these steps:

 To import your Form(s) 1099-B:

• Login to TurboTax

• Under “Federal Taxes,” select the “Wages & Income” section

• Select “I’ll Choose What I Work On”

• Under “Investment Income,” click “Start” for “Stocks, Mutual Funds, Bonds, Other”

• Select “Yes” for “Did you sell any investment in 2017?”

• Select “Yes” if you received a 1099-B from LendingClub

• Search for “LendingClub” in the search box

• Select “LendingClub” and click “Continue”

• Login with your Social Security Number, your LendingClub account number, and your email address as User ID (i.e., the email address that you use for your LendingClub account)

• Click “Continue”

• Select the forms that you want to import

 

 To Import your Form(s) 1099-OID:

• Login to TurboTax

• Under “Federal Taxes,” select the “Wages & Income” section

• Under “Interest and Dividends,” select “Show More”

• Click “Start” for “1099-OID, Foreign Accounts”

• To import your LendingClub 1099-OID, check the “Form 1099-OID” box

• Click “Continue”

• Select “Yes” if you received a Form 1099-OID from LendingClub

• Search for “LendingClub” in the search box

• Select “LendingClub” and click “Continue”

• Login with your Social Security Number, your LendingClub account number*, and your email address as User ID (i.e., the email address that you use for your LendingClub account)

• Click “Continue”
• Select the forms that you want to import

 

Please note that if you have multiple LendingClub investment accounts, you will need to repeat this process for each account.

The online version of TurboTax currently supports up to 500 reportable transaction line items on a single Form 1099. If you have more than 500 reportable transaction line items on your Form(s) 1099-B, you will need to use the TurboTax software (available via CD or download) rather than the online version. Its software supports up to 2500 transactions. However, your system configuration (processor type, speed and memory) will determine the number of transactions that can be imported without a noticeable degradation of system performance.

*You can’t find your LendingClub account number on your Account Summary page, or follow the instructions here.

 

LendingClub is not affiliated with Intuit or TurboTax and does not approve, endorse or recommend TurboTax. LendingClub does not guarantee the accuracy, timeliness, completeness or usefulness of the TurboTax or Intuit websites or products. LendingClub is not responsible or liable for any content, advertising, products, or other materials on or available from the TurboTax or Intuit websites or products and is not liable for losses resulting from their use. LendingClub does not provide tax advice, and the information presented here is not intended to be tax advice. You should consult your tax advisor if you have any questions or need additional information.