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I'd be interested also. 

I think they must have a bug in their software. 

PennySaved had a nice tax thread last year I used info to help do my filing. 

http://www.lendacademy.com/forum/index.php?topic=805.30" class="bbc_link" target="_blank">http://www.lendacademy.com/forum/index.php?topic=805.30

The way I look at it, losses come off the top as an operating expense.  Until you exceed that I don't think you are going to need to worry about a Capital Loss Carryover.

It seems my biggest mistakes early on were taking people with inquiries.  Go for zero because most likely, they're looking for some sucker to clean out before they disappear or file for bankruptcy.

Anyone investing in this?  If so how does it work exactly?  I know what they do but do you sign up for an account there or buy their fund through an investment firm?  Are you happy so far?

This guy is a lousy bet anyway based on his loan history.  About the high income,  I am put off right away by the need for more money.  It makes me feel that they are not very good with their money.  It also makes me wonder if they are putting in a backstop in case they need to file bankruptcy.

Hey PennySaved,  I wanted to thank you for your super-knowledgeable post about charge off tax reporting, etc.  Thank you, thank you!  I hope you don't mind if I consider using your form letter template.  You're awesome!    https://forum.lendacademy.com/Smileys/default/wink.gif" alt=";)" title="Wink" class="smiley" />  .....Laurie 

I was going to say the exact same thing today - we have come full circle.  It can no longer be called peer-to-peer legitimately.  I think the big boys like to refer to it as micro lending.  I suppose that's because they were getting their foot in the door.  I've been here since just April and unfortunately, this looks like what it has become.  Why didn't they just go institutional in the first place I wonder?  Anyway, I don't know the exact details but it looks like you got the gist of it.

Maybe they should just go back to calling it institutional lending.

I've got something like 85 notes.  Started in April.  A couple early ones were paid in full on about the first payment.  The first was one of the riskier notes and I came out a few cents ahead.  The second was an A rated note, and I came out a few cents behind.  Needless to say I was rather PO'd.  The cheapie A rated people are so cheap they don't even pay the lender for their loan.  The rest are all so far so good though.  I can totally understand your frustration.