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The Complete Idiot's Guide to Person-to-Person Lending by Curtis E. Arnold, Beverly Harzog

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Chapter 23
Receiving Statements
In This Chapter
• Receiving statements from P2P lending sites
• What to expect from Prosper’s monthly and year-end statements
• Receiving statements from some of the other P2P lending websites
• Avoiding gift taxes when your loan is processed through Virgin Money
 
In most cases, you’ll be able to view your P2P lending statements online. In this chapter, you get an idea of what’s in those statements—and, perhaps more importantly, why you need to keep physical copies in a safe place.
Just as we were winding up this book, Prosper made an announcement that it had filed a registration statement with the SEC and had entered a quiet period. The quiet period should be over by the time you’re reading this book. Be sure to ...

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