Will I receive a 1099-INT for my interest paid on my Personal Loan?
Since SoFi's Personal Loan option is an unsecured loan for personal and household use only, we do not issue a tax form at the end of the year. If you would like to see your year-to-date payment breakdowns, including the interest you can refer to your monthly statements to view this.
What tax documents will be prepared for my Personal Loan account?
Not all Members will need tax documents for their SoFi account.
Tax Document |
Tax Document Schedule |
Delivery Method |
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1099-C Note: In compliance with the IRS requirements, written-off balances that equal or exceed $600 will be recorded on a 1099-C form. |
January 31st following the year the settlement was made. Note: If the settlement period goes through the first of the year, the 1099-C will not be issued until the following year. |
Online |
Have more questions? Chat with us or call 855-456-7634 to speak with an agent.