Comments on: Prosper Marketplace – August 2013 Update https://www.writeyourownreality.com/monthly-update/prosper-marketplace-august-2013-update/ Aggressively pursuing a dream is the only way to write your own reality. Documenting my path of turning dreams into investments and success! Mon, 30 Nov 2015 00:02:06 +0000 hourly 1 By: MoneyCone (@moneycone) https://www.writeyourownreality.com/monthly-update/prosper-marketplace-august-2013-update/#comment-1596 Mon, 02 Dec 2013 15:47:45 +0000 http://www.writeyourownreality.com/?p=1448#comment-1596 Thanks for the detailed response!

]]> By: writing2reality https://www.writeyourownreality.com/monthly-update/prosper-marketplace-august-2013-update/#comment-1560 Sun, 01 Dec 2013 15:08:08 +0000 http://www.writeyourownreality.com/?p=1448#comment-1560 Moneycone, thanks for stopping by! To answer your question, Prosper provides at the end of the year a consolidated 1099 reporting the interest earned, net of fees, a 1099-MISC with any miscellaneous earnings from late fees and other incentives, and finally a 1099-B for charged-off loans and recoveries on those loans. Pretty straight-forward for someone to file. All of this information in recorded in the appropriate place on your tax return. Every year both Lending Club and Prosper have improved their tax reporting, so I’d expect further improvements this year as well.

For some further details, check out this great tax post found at Lend Academy here.

It goes without saying, but all of this advice should be taken with a grain of salt. Please confer with your personal tax adviser for your individual tax scenario.

]]> By: moneycone https://www.writeyourownreality.com/monthly-update/prosper-marketplace-august-2013-update/#comment-1559 Sun, 01 Dec 2013 14:54:27 +0000 http://www.writeyourownreality.com/?p=1448#comment-1559 I’ve followed posts on Prosper and other P2P lenders, but never taken the plunge. I found your post very intriguing! Question: How are taxes done with Prosper?

]]>