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Topics - Vlad

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Foliofn - LC / Grace Period note purchased on Date Due
« on: March 07, 2015, 07:00:20 PM »
I'm trying to figure out why Lending Club didn't cancel this weird transaction that I noticed today. I bought a large note off Folio on March 2nd, apparently I didn't notice that it was due on the 2nd of every month. Somehow the transaction settled on March 3rd while the note was pending and thus the sale should've been cancelled. I know back in the day, Lending Club would let you sell pending notes, but I thought this was no longer the case. I just took a look at Folio and indeed I do see some notes that should've been cancelled but that are still listed for sale. Does anyone know what's going on here?

What makes me suspicious is that this note, which was Never late the day that I bought it, is now in Grace period. It was also at a large discount, which you rarely see for Never lates notes. I wonder if someone has figured out a way to get around LC cancelling trades on pending notes. Any thoughts?

Investors - LC / Importing Transactions into TaxAct/TurboTax
« on: March 09, 2014, 12:13:39 PM »
For those with lots of Folio transactions, has anyone had success accurately importing the numbers into their tax software?

I've converted LC's 1099-B to a CSV file but when I imported it to TaxAct, it rounded out every single transaction. Due to mostly rounding up, it's now triple the total amount that was reported on 1099-B.

Unlike TaxAct, Turbotax doesn't seem to round every singe transaction, just the total. But each transaction needs to be typed in manually, and none of the online versions of TurboTax I tried support importing your own CSV file. They do allow you to import from a few brokers, LC not one of them. It appears that Turbotax desktop version supports up to 2,000 imported transactions, but I'm not sure if it let's you upload your own CSV. 

I suppose I can just send the printed CSV to IRS by regular mail, but I prefer to do it electronically. So has anyone successfully done it?

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