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re: Lending Club Strategies

Posted on 4/29/15 at 5:08 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39748 posts
Posted on 4/29/15 at 5:08 pm to
quote:

At that point you'd be managing 2,000 loans.
Would it be a tax nightmare?


My understanding is that Lendingclub simplified the tax form they sent to you because of this very issue so its no longer a problem, but maybe others will chime in.
This post was edited on 4/29/15 at 5:09 pm
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/29/15 at 6:13 pm to
I have all of my investments through my ROTH, so I don't know.

ETA: I would imagine it would be the same as owning a bond portfolio.
This post was edited on 4/29/15 at 6:14 pm
Posted by bayoubengals88
LA
Member since Sep 2007
19750 posts
Posted on 4/29/15 at 7:55 pm to
So you started about two months ago? Whats your allocation with 9 loans? As,Bs,Cs etc.

I put $100 in LC last night. I'll start doing $100/month, but I might wait to invest.
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