You will receive a Lending Club year-end statement that summarizes your investing activities during the tax year. Subject to IRS guidelines, you may also receive some or all of the following tax documents:

• 1099-OID: If you invested in Lending Club Notes issued on or after October 14, 2008 and received payments on a Note, you will receive a Form 1099-OID. The net result of (i) interest plus late fees plus recoveries of unpaid interest amounts from previously charged-off loans less (ii) servicing fees will be reported as taxable interest on your 1099-OID. Form 1099-OID does not contain information about Note Charge-off Losses (see “Where are Note charge-offs reported?” for more information about Note Charge-off Losses). This form will be posted to your Lending Club account “Statements” section and not mailed; be sure to check your account before filing your taxes.

• 1099-INT: If you invested in Lending Club member loans issued prior to October 14, 2008, you will receive a Form 1099-INT that includes your total interest and late fees plus recoveries of unpaid interest amounts from previously charged-off loans received during the tax year from all member loans issued prior to October 14, 2008. This form will be posted to your Lending Club account “Statements” section and not mailed; be sure to check your account before filing your taxes.

• 1099-MISC: If during the year you received other payments from Lending Club such as incentive payments that equal or exceed $600, you will receive a Form 1099-MISC.  This form will be posted to your Lending Club account “Statements” section and not mailed; be sure to check your account before filing your taxes.

• 1099-B (Note Sales on FOLIOfn): If you sold Notes on the FOLIOfn trading platform during the tax year, you will receive a Form 1099-B from FOLIOfn that shows your date of the sale, sales proceeds net of any trading fees charged by FOLIOfn, the principal balance of the Note at the time of the sale, and whether you held the Note one year or less (short-term) or more than one year at time of sale (long-term). This statement will not include Notes charged-off.  This form will be posted in your FOLIOfn trading account and not mailed; be sure to check your account before filing your taxes.

• 1099-B (Recoveries): If you received recoveries of principal amounts of previously charged-off loans you will receive a Form 1099-B showing the net result of recoveries less applicable collections and servicing fees. This form will be posted to your Lending Club account “Statements” section and not mailed; be sure to check your account before filing your taxes.

• 1099-C: As a borrower, if you had a portion of your loan equal to or greater than $600 cancelled or forgiven in a settlement with Lending Club, you will receive a Form 1099-C in the taxable year in which the debt was cancelled or forgiven.  This form will be mailed to your home address.

Tax documents are generally made available by January 31.