Does anyone know how we should report notes sold on the Folio Platform when trading from your Lending Club Roth IRA account? Especially if the notes are sold without making a profit.
barcebal, not quite sure what you are asking (IRA or non-IRA account).
Erin K - For IRA account, you don't report anything except for deposits or withdrawals on the account itself.
I covered all this in a post earlier this year:
http://www.lendacademy.com/a-guide-to-filing-your-lending-club-and-prosper-taxes/The short answer is you have to report all your interest earned from Lending Club whether or not you receive a 1099.
FolioFN generates a 1099 showing proceeds from all sales. This information should be included on your tax return. I'm no accountant but, but I entered this info in the same place I reported sale of stocks.