Generally, interest and other payments received in a Notes account are taxable, but tax treatment and reporting depend on your account type. Retirement accounts, such as an Individual Retirement Account (IRA) or Roth IRA, are generally tax-deferred.
If you have more questions about what data is being reported on your year-end statement or IRS Forms 1099, please review LendingClub’s type: asset-hyperlink id: 3qvoScA6m5AgjXtqJMLU6r or contact us at tax@lendingclub.com.
Direct all other tax questions to your financial or tax advisor. LendingClub does not provide tax, financial, or legal advice, nor is this information is intended to be tax, financial, or legal advice. LendingClub recommends that you consult your financial or tax advisor if you have additional questions.