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Author Topic: Prosper Class Action Suit Settled for $10 Million Over 3 Years  (Read 3925917 times)

Nora_Lenderbee

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #630 on: January 29, 2016, 02:21:49 pm »
Hey Cubbies--is the settlement money taxable?
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alexpkeaton

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #631 on: January 29, 2016, 02:31:40 pm »
Quote from: Nora_Lenderbee on January 29, 2016, 02:21:49 pm
Hey Cubbies--is the settlement money taxable?

Only if you report it. :ninja:
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cubbiesnextyr

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #632 on: January 29, 2016, 02:49:28 pm »
Quote from: Nora_Lenderbee on January 29, 2016, 02:21:49 pm
Hey Cubbies--is the settlement money taxable?

Yes.  I personally report mine as long-term capital gains because my underlying losses, which I took as deductions on my return, were reported as long-term capital losses.  If you reported your prosper activity on a Sch C, then you'll have a different treatment.
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ducks

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #633 on: January 29, 2016, 06:21:57 pm »
$14.92! Woo-hoo! How should I spend it?
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cubbiesnextyr

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #634 on: January 29, 2016, 06:39:43 pm »
Quote from: ducks on January 29, 2016, 06:21:57 pm
$14.92! Woo-hoo! How should I spend it?

Wait for Cubs tickets to go on sale and then buy a ticket in the Upper Deck at Wrigley so you can say you saw the 2016 World Series Champions play  ;D
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ducks

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #635 on: January 29, 2016, 08:15:23 pm »
The travel would increase the cost to much more than $14.92. How about if I see the Iowa Cubs when they visit Nashville?
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cubbiesnextyr

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #636 on: January 29, 2016, 09:27:43 pm »
Quote from: ducks on January 29, 2016, 08:15:23 pm
The travel would increase the cost to much more than $14.92. How about if I see the Iowa Cubs when they visit Nashville?

That's acceptable.
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tmullin1217

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #637 on: January 30, 2016, 01:52:28 am »
I received a check on Friday, for $50.34
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JammingJAY

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #638 on: January 30, 2016, 04:09:52 am »
I got 12 bucks and change.

Due to this windfall ROI I was required to book another cruise...

 ???

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Nora_Lenderbee

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #639 on: January 30, 2016, 02:25:49 pm »
Quote from: cubbiesnextyr on January 29, 2016, 02:49:28 pm
Quote from: Nora_Lenderbee on January 29, 2016, 02:21:49 pm
Hey Cubbies--is the settlement money taxable?

Yes.  I personally report mine as long-term capital gains because my underlying losses, which I took as deductions on my return, were reported as long-term capital losses.  If you reported your prosper activity on a Sch C, then you'll have a different treatment.

Thanks! I reported my bad loans on Schedule D, so I guess I'll do the same with this payment. Or heck, maybe I'll bid on a Prosper loan.  :ninja:
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DCS

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #640 on: January 30, 2016, 04:15:05 pm »
$66.86 for me.
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Mtnchick

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #641 on: January 30, 2016, 04:39:59 pm »
Nothing here :( Is is supposed to be same/more/less than the last check? That one was +/-$200
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Urbi_et_Orbi

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #642 on: January 30, 2016, 05:13:36 pm »
Payments 3 and 4 will be larger than payments 1 and 2.
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Xenon481

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #643 on: January 31, 2016, 06:14:03 pm »
$65.24 this time.
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mothandrust

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #644 on: January 31, 2016, 08:59:14 pm »
How much more is your current check from the previous one? 

Should be about 150% more since they are disbursing $3M instead of $2M, right?

(And keeping all the interest on the late checks from the last distribution...claiming it strategically.)
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