When does Upstart send Forms 1099-INT to investors?

Generally Forms 1099-INT must be sent to recipients by January 31st following the calendar year in which the interest income is paid. The IRS makes an exception for Widely Held Fixed Investment Trusts (“WHFITs”), which have to furnish Forms 1099-INT to recipients by March 15th. As Upstart fractional loan-related securities are WHFITs, as discussed below, Upstart is required to send Forms 1099-INT to investors by March 15 each year. 

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