Where Can I Find Annual Investor Statements and Tax Documents in My LendingClub Account?

2 min read

LendingClub provides annual tax documents by January 31 for the previous calendar year. LendingClub also provides a year-end statement that summarizes your account activity.

You can find your 1099 consolidated tax statement in your Member Center under Statements. We won’t mail your statement unless you have opted out of electronic delivery of tax documents. To opt out of electronic delivery of tax documents, email tax@lendingclub.com.

We also provide a downloadable type: asset-hyperlink id: 3qvoScA6m5AgjXtqJMLU6r with information about the data reported on the 1099 consolidated tax statement, and we’ll email you after posting tax documents to your account.

Tax documents in your account

Depending on your financial situation and the activity in your account, the 1099 consolidated tax statement may include some or all of the following forms:

If you are an investor who

You'll receive this form

From description

Platform

Received $10 or more in net interest payments

1099-OID

Original Issue Discount


LendingClub

Received $600 or more in incentive, bonus, or other miscellaneous payments from LendingClub

1099-MISC

Miscellaneous Income


LendingClub

Held Notes corresponding to loans that were charged off during the tax year or received recoveries and/or net proceeds on Notes which corresponded to charged-off loans or transfers

1099-B (Recoveries and Proceeds from Charged-off Loans)

Proceeds from Broker and Barter Exchange Transactions 

LendingClub

Sold Notes on the Note Trading Platform operated by Folio Investing

1099-B (Folio Investing Transactions)

Proceeds from Broker and Barter Exchange Transactions

Folio Investing 

Why don't I have a 1099 tax statement?

You won’t receive a 1099 consolidated tax statement from us if your account is:

  • Tax-deferred (for example, an IRA)

  • A registered C-corporation

  • A registered tax-exempt organization

  • Any other type of entity for which LendingClub is not required to provide tax information

Missing other tax forms or statements?

Tax errors and help

If you believe you received a tax form in error, or you didn’t receive a tax form and think you should have, please email tax@lendingclub.com.

Consult with your accountant or other tax advisors on how to properly handle taxes on your annual Notes activity, including whether you can claim losses from Notes tied to charged-off loans.

Foreign investors

If you’re a foreign investor, we send Form 1042-S, if applicable, which you can find in your Member Center under Statements.


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 questions.

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Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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