The 1099-INT will display the aggregate of the amount of interest income earned, as well as the amount received in recoveries, for the tax year. Charge-offs or defaults are not subtracted from the amount displayed.
The 1099-INT will not display any information regarding losses. The total amount charged-off for the tax year can be found on the first page of your December Investor Monthly Statement. Monthly statements can be found under Statements & Reports upon logging into the platform.
Please note, Upstart cannot provide any tax advice, or guidance with regards to reporting income or losses. All information relevant to reporting can be found on your 1099-INT and Investor Monthly Statements.
Any questions regarding how to report taxes must be made to a tax advisor.
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