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Election to amortize startup costs
WHAT EXPENDITURE AMOUNT AMOUNT I NEED TO REPORT AS A UBER DRIVER?
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June 4, 2019
2:16 PM
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Get your taxes done using TurboTax
This is not a set Dollar Amount. You Start Expenses is money you spent in order to start operating, these can be items such as:
- Inspections costs to your vehicle prior (or contingent) to joining Uber
- Business Licenses (Local, State, Etc.) Many cities require a permit for services such as Uber or Lyft
- If you leased a vehicle for Uber, any fees charged by the Leasing agency, linked with the vehicle lease.
- Any fees charged by Uber before you began to operate
For a quick read and some tips of Start-up Business Expenses please click on the link below:
June 4, 2019
2:16 PM