Uber Import - TurboTax counts expenses as Income ! Major Bug I think.
I imported my info from Uber via the API and 2 numbers come across:
1) Your Gross Income (about $15k)
2) Uber's fees and other expenses. (about $5k ) HOWEVER, TurboTax labeled this smaller number as 'Additional Income' instead of what it says on my Uber Dashboard Tax Form " Expenses, Fees and Tax"
I'm pretty sure this is the exact opposite of what it SHOULD be labelled because:
I depositied around $10k from Uber, proving that $15k was gross and they took their 20% plus other fees ($5). But, upon import, TurboTax said I made $20k and owed $5k in tax! (After calling in and manually deleting the second number, and then manually entering the 3 expense figures that total $5k, I found out I only owe $2k !!! So I am assuming there are a lot of Uber Drivers importing their figures and paying over 100% more tax than they should. ?
Perhaps the bug is on Uber's side of the API but either way, this is pretty MAJOR bug I think.
If it helps, i am currently not an active driver but I can log into my driver account and get records, so I assume I'm the same in the API.
Thanks for any help. There are hundreds of thousands of Uber drivers in the US.