What is the difference between a long-term and short-term gain or loss?

Generally, a short term gain or loss applies to Notes that have been held for one year or less, while a long-term gain or loss applies to Notes that have been held for more than one year. Depending on your particular circumstances, there may be tax implications to the treatment of a gain or loss as short term or long term.

Neither Folio Investing nor Lending Club provides tax advice and recommends that you consult your financial or tax advisor if you have any questions or need additional information.