2013 Consolidated 1099s Available!

[Zach]

Just a quick heads up that LC 1099's are finally posted!

[Randawl]

Woohoo!  /nerdhighfive!             

[core]

You guys are twisted individuals.

[Zach]

Can anyone more precisely elaborate on how the 1099-B reporting should work? What does the IRS expect to be reported for Folio sales (along with the fact that no cost-basis is reported by LC/Folio)?

[Zach]

You guys are twisted individuals.

How does wanting to get my taxes filed and a refund in my bank account categorize me as "twisted"?

[core]

How does wanting to get my taxes filed and a refund in my bank account categorize me as "twisted"?

I suppose that's fair.  I didn't know you lent the government money.

[Zach]

How does wanting to get my taxes filed and a refund in my bank account categorize me as "twisted"?

I suppose that's fair.  I didn't know you lent the government money.

Unfortunately, paying self-employment (estimated quarterly payments) tax sucks
Its definitely no voluntary

[core]

Unfortunately, paying self-employment (estimated quarterly payments) tax sucks

Actually I find that it makes it much easier to pay exactly what you owe that way.  Down to the dollar.  If you overpaid you could have cut back on your Jan 15th payment.

Are Folio 1099's posted too?

[Zach]

Unfortunately, paying self-employment (estimated quarterly payments) tax sucks

Actually I find that it makes it much easier to pay exactly what you owe that way.  Down to the dollar.  If you overpaid you could have cut back on your Jan 15th payment.

Are Folio 1099's posted too?

This is probably true, but when I looked into it, it was far more complicated to justify why your estimated payments were lower....
1099-B is posted for folio

[core]

I see that they've combined them this year; that's new.  304 pages.  Ugh.  Yeah I'll just get right on this.

[Randawl]

I see that they've combined them this year; that's new.  304 pages.  Ugh.  Yeah I'll just get right on this.

Wow I've got half that and I thought I had a lot!

[core]

That's a respectable number, Randawl.  Didn't know you were such an active trader?

Step by step guide for doing your Lending Club 2013 taxes:
1. File for an extension.
2. Hope for a 16-ton weight to drop on your head before October.

[yojoakak]

Only 44 pages for me! Woohoo!

Hey check this out! LendingClub is hosting their "2013 Tax Form Guide" on Amazon's servers. I suppose to prevent a mad rush of traffic to their own site. Oh pity the poor LendingClub webserver. What does it run on? A Timex?

[Randawl]

That's a respectable number, Randawl.  Didn't know you were such an active trader?

Yes indeed, I just don't often tend to discuss it much.

Step by step guide for doing your Lending Club 2013 taxes:
1. File for an extension.
2. Hope for a 16-ton weight to drop on your head before October.

+1

[Joleran]

Huh, mine isn't posted.  Statements -> Tax Documents right?  They haven't moved it?