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Why was the interest reported on my 2023 Worthy Peer Capital II 1099-INT lower than the actual balance earned?
Why was the interest reported on my 2023 Worthy Peer Capital II 1099-INT lower than the actual balance earned?
Mary Sinisi avatar
Written by Mary Sinisi
Updated over 5 months ago

Because WPC2 is currently under redemption pause, only the interest that was accrued and available to investors before the pause went into effect was reflected on 2023 tax forms, as customers aren't accountable for interest that was earned after liquidity became unavailable. We will make the necessary adjustments to tax forms in future years as the situation develops and resolves, but regarding your 2023 form, this should account for any discrepancies you might notice between your interest earned and interest reported.

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