Prosper provides a year-end investor statement to all active investors and may provide a Consolidated Form 1099 to investors and tax authorities, depending on the investor’s activity during the prior calendar year.
Prosper also provides a monthly statement, available for download from your Prosper Account.
If you are subject to 1099 tax reporting, your tax forms will be available on the 'My Account > History > Statements' page by January 31 of the year following the calendar year in question. Your tax forms are also sent via email to the email address associated with your Prosper account.
If you would like to receive a paper copy of your tax forms, please contact us.
You will be provided a Form 1099-MISC in each tax year that you receive $600 or more of borrower late fees, referral awards, bonuses, incentives, and the like. Income shown on Form 1099-MISC will be reported to the Internal Revenue Service and State tax authorities in the event applicable thresholds as established by them are met.
You will be provided a Form 1099-OID in each tax year that you have $10 or more in “net interest” income on Notes originated in 2009 or later. Income shown on Form 1099-OID will be reported to the Internal Revenue Service and State tax authorities in the event applicable thresholds established by them are met. Form 1099-OID details income reported on Notes that are subject to OID tax reporting.
If you (a) held any Notes where the corresponding loans were charged-off; (b) received any recovery proceeds from Notes where the corresponding loans were charged-off or (c) received gross proceeds from Notes corresponding to charged-off loans that were sold to third parties, you will be provided a Form 1099-B with a detailed breakdown of this information for each Note held.