Inside Money Today

Lendinero's blog on Growing Your Business

Investing in Lending Club – Is it worth it?

Investing in Lending Club – Is it worth it?

By: deBanked

Special Content

Lending Club’s retail investors scored big on February 12th when they announced an integration with TurboTax software. The complexity of marketplace lending from a tax perspective has historically been one of the most prohibitive cost barriers for retail investors. Unlike savings accounts which issue a standard 1099-INT, Lending Club (and Prosper) issue both a 1099-OID and a 1099-B.

READ MORE

Twitter: @debanked

© 2015 Lendinero

Show Buttons
Hide Buttons