Why is my Uber 1099-NEC different from what I actually got paid?

Forum|Forum|5 years ago
January 30, 2021
1 reply
1 view

After reviewing my Uber Annual Tax Summary and comparing to the 1099-NEC, I noticed that the box 1 of "Nonemployee compensation" matches my Total Additional Earnings and not my total Gross Payment which is significant more. In fact, my Gross Payment is the sum of both my Gross Trip Earnings and Total Additional Earnings. I am concern because the net payout that was deposited in my bank account is a lot more than just my Total Additional Earnings, which is the amount on box 1 of the 1099-NEC.

Which amount do I report, the amount on the 1099-NEC (which significantly less) or the net payout that actually earned (which is more, but not on the 1099-NEC)?

TurboTax Self Employed Online

Critter-3

Level 15

You must report the gross income as reported on the 1099 on the Sch C then you get to deduct the expenses you paid so you are only taxed on the net profit.

How to report Lyft and Uber income

https://ttlc.intuit.com/community/uber-or-lyft/help/where-do-i-enter-my-lyft-uber-income/00/26804

Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers FAQ

https://turbotax.intuit.com/tax-tips/self-employment-taxes/tax-tips-for-uber-lyft-sidecar-and-other-...

UBER

What do I need from Uber

https://ttlc.intuit.com/community/uber-or-lyft/help/what-do-i-need-from-uber-to-file-my-taxes/00/271...

How to get the Uber Discount

https://ttlc.intuit.com/community/charges-and-fees/help/how-can-i-apply-my-uber-discount-to-my-turbo...

How to import from Uber

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-income-information-from...

And

https://ttlc.intuit.com/community/entering-importing/help/how-does-importing-from-uber-work/00/27149

How to enter expenses from the Uber Summary

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-my-expenses-from-my-uber-ta...

daa

Level 5

hi! does the difference as shown on tax summary have to be reported as cash income?

thank you

ColeenD3

Level 15

You would report the income as 1099-NEC income. Please see the screenshot below. Your box 1 amount is your income. If they took money from that amount for their internal costs, then that is an expense to you. If you paid anything over and above that amount, then that is also an expense to you.