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Get your taxes done using TurboTax
Prosper Funding LLC is a "peer-to-peer lending market place".
As an investor, I put up an amount of money, that is parsed into small amounts then, together with amounts from other investors, lent to individuals who want to borrow money for a fee (interest).
A loan may be fully paid and investors make a little money, or it may be "charged off" if the borrower defaults.
Question: what is the "type of investment" to enter each sale manually? Is it:
Stock (non-employee) or Bond from the drop-down menu?
(assuming they are definitely not "cryptocurrency", "mutual fund, index fund or ETF" or "bond")
Thank you!
March 6, 2024
1:56 PM