---
title: Does Percent issue 1099-B for investment losses?
description: If a charge-off occurs on a note you hold through Percent, you will not receive a Form 1099‑B. Form 1099‑B is generally issued by a broker when it facilitates the sale or redemption of securities, and in this structure the issuer of the notes on Percent is a Series SPV, with Percent not acting as a broker‑dealer effecting a reportable transaction. As a result, Percent does not issue Form 1099‑B for these investments.
---

[Skip to content](https://kb.percent.com/migration/does-percent-issue-1099-b-for-investment-losses#main-content)

English

Show submenu for translations

![Percent Logo Files-Jan2022\_Percent Logo-Wht-Color.png\]](https://kb.percent.com/hs-fs/hubfs/Percent%20Logo%20Files-Jan2022_Percent%20Logo-Wht-Color.png?height=27&name=Percent%20Logo%20Files-Jan2022_Percent%20Logo-Wht-Color.png)

- [Sample About Page](https://withcadence-5184370.hs-sites.com/sample-about)
- [Sample Contact Page](https://withcadence-5184370.hs-sites.com/sample-contact)
- [Default HubSpot Blog](https://withcadence-5184370.hs-sites.com/blog)

Open main navigation

Close main navigation

- [Sample About Page](https://withcadence-5184370.hs-sites.com/sample-about)
- [Sample Contact Page](https://withcadence-5184370.hs-sites.com/sample-contact)
- [Default HubSpot Blog](https://withcadence-5184370.hs-sites.com/blog)
- English
  
  Show submenu for translations
- [Go to percent.com](https://percent.com/)

[Go to percent.com](https://percent.com/)

 Hello. How can we help you?

- There are no suggestions because the search field is empty.

1. [Help Center](https://kb.percent.com/migration?hsLang=en)
2. [Account](https://kb.percent.com/migration/account?hsLang=en)

# Does Percent issue 1099-B for investment losses?

If a charge-off occurs on a note you hold through Percent, you will not receive a Form 1099‑B. Form 1099‑B is generally issued by a broker when it facilitates the sale or redemption of securities, and in this structure, the issuer of the notes on Percent is a Series SPV, with Percent not acting as a broker‑dealer effecting a reportable transaction. As a result, Percent does not issue Form 1099‑B for these investments.

Instead, Percent will provide a statement reflecting the charge-off amount, which you can share with your tax advisor as documentation of a potential loss. Percent does not provide tax advice, and investors may wish to review IRS guidance on “bad debt deductions,” including how such losses may be treated as short‑term capital losses and how notes purchased on the platform may be characterized as nonbusiness bad debts if written off during the workout process.

The charge‑off communication and/or your year‑end account statements generally provide sufficient evidence for a tax professional to evaluate and document your loss position.

- [Banking](https://kb.percent.com/migration/banking?hsLang=en)
- [Onboarding](https://kb.percent.com/migration/onboarding?hsLang=en)
- [Deals and Opportunities](https://kb.percent.com/migration/deals-and-opportunities?hsLang=en)
- [Underwriting & Due Dilligence](https://kb.percent.com/migration/underwriting-due-dilligence?hsLang=en)
- [Features and Functionality](https://kb.percent.com/migration/features-and-functionality?hsLang=en)
- [Investing](https://kb.percent.com/migration/investing?hsLang=en)
- [Account](https://kb.percent.com/migration/account?hsLang=en#main-content)

    - [IRA](https://kb.percent.com/migration/account?hsLang=en#ira)

- [Sample About Page](https://withcadence-5184370.hs-sites.com/sample-about)
- [Sample Contact Page](https://withcadence-5184370.hs-sites.com/sample-contact)
- [Default HubSpot Blog](https://withcadence-5184370.hs-sites.com/blog)

[![Percent](https://kb.percent.com/hs-fs/hubfs/Percent%20Logo%20Files-Jan2022_Percent%20Logo-Blk-Color-1.png?width=800&height=146&name=Percent%20Logo%20Files-Jan2022_Percent%20Logo-Blk-Color-1.png "Percent")](http://percent.com)

Percent Help Center

Copyright © 2026, Percent Securities, LLC