topic I received a 1099B form from LendingClub instead of a 1099OID, but TurboTax still wants me to enter the details of a 1099OID that I don't. What should I do? in Get your taxes done using TurboTax

I received a 1099B form from LendingClub instead of a 1099OID, but TurboTax still wants me to enter the details of a 1099OID that I don't. What should I do?

ristich — Fri, 31 Jan 2020 22:04:38 GMT

Re: I received a 1099B form from LendingClub instead of a 1099OID, but TurboTax still wants me to...

MarilynG1 — Fri, 31 Jan 2020 22:28:04 GMT

Lending Club issues both 1099-B's and 1099-OID's.

Click the link for a guide from Lending Club on how to Import your 1099's into TurboTax. .

Re: I received a 1099B form from LendingClub instead of a 1099OID, but TurboTax still wants me to...

hal98x — Sat, 20 Mar 2021 18:16:17 GMT

Yeah and when I do the import all I get is the 1099B. I even checked the pdf tax statement and there is no 1099 oid. Anybody know if I need to fill out 1099 OID? (I assume I do because my income is interest and losses are counted in the investment category).

Re: I received a 1099B form from LendingClub instead of a 1099OID, but TurboTax still wants me to...

DianeW777 — Sun, 21 Mar 2021 18:30:49 GMT

It depends. If you had less than $10 in earnings from LendingClub, then they would not be required to issue Form 1099-OID. However you would still be required to report any amount staring from $1.

It seems this may be the case since your import did not include and OID. Please update with any additional questions.