You will put the vehicle under both companies. You will allocate expenses based on miles driven for each company. TurboTax has made it really easy this year for those who drive for both companies.
To enter your Uber and Lyft income
- Click on Federal
- Income & Expenses
- Scroll Down to Self-Employment and click
- Click Start next to Income and Expenses
- Answer YES to “Did you have any self-employment income or expenses”
- When you Enter Uber or Lyft when it asks you to “Tell us the type of self-employment work you do” TurboTax will customize your interview and will make it easy to enter all of your information
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