Web Reference: Aug 9, 2010 · Lending Club - Time to panic? Two weeks ago I started selling off my LC loans. I am probably 80-90% into cash by now. The returns have just not been worth keeping the account open and the larger worry of something else going to zero. All my loans are in a IRA account, does anyone know what the fees will be to transfer the balance to my Schwab IRA? I fear that I will be left with 5.32$ in the ... Lending Club - Time to panic? I'm really debating this both as an investor and as someone interested in their stock. I hate accounting irregularities, but if its earnings are accurate, they'll make about 0.27/share this year. Financials trade between a 12 and 20x multiple and this one might be able to grow a little more. At a 15 PE, the stock is worth about 4.05. The drop is from reeling back ... Mar 23, 2015 · I have similar docs for Lending Club. I have done the 1099-OIDs in the past, so I think I'm good there. I'm using H&R Block online Premium software (fyi). I don't know why these P2P lending taxes are so confusing to me! Is my understanding correct here: On one 1099-B under 1d- Proceeds it says $1.14. Under 1e- Cost or other basis it says $808.80.
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