Post by bingo on Jan 22, 2025 16:38:56 GMT
The tax statement from Abundance, doesn't seem to include anything that shows defaults (or any subsequent repayments after the loan has been flagged as defaulted on the website), and the CSV of transactions also doesn't indicate that particular repayments are actually recoveries from defaulted loans.
So how are we meant to calculate/handle such defaults when reporting for tax? Put the defaults as complete losses in the year they occur(?), and then trawl through all subsequent transactions manually and work it all out or is there an easier method? All other P2P platforms seem to have some mechanism that includes this information clearly in their tax reports.
So how are we meant to calculate/handle such defaults when reporting for tax? Put the defaults as complete losses in the year they occur(?), and then trawl through all subsequent transactions manually and work it all out or is there an easier method? All other P2P platforms seem to have some mechanism that includes this information clearly in their tax reports.
