Where do I enter my Uber or Lyft expenses?
When you're an
Uber or Lyft driver who shuffles customers from Point A to Point B and back
again, it's easy to rack up serious expenses. Thankfully, since you're now
running your own business, there are plenty of things you can deduct on your
taxes and TurboTax Online Self-Employed is here to help you.
With TurboTax
Self-Employed, reporting your expenses for Uber or Lyft is really
straightforward. Because you’re running your own business, you’ll file your expenses
(Schedule-C) in TurboTax just like any other self-employed person.
We’ll ask you
some questions to help you identify and enter your vehicle info, your supplies,
phone service, and other expenses. We'll let you know if you qualify for any
credits or deductions - and help you maximize your refund (if you're eligible).
Here's where
to enter your Uber or Lyft work expenses - This
includes driving-related expenses and non-driving expenses (supplies, phone
service, home office, etc.).
·
If you drive for Uber, here are some additional details on entering
Uber driving-related expenses.
·
If you drive for Lyft, here are some additional details on entering
Lyft driving-related expenses.
Related Information:
·
What
self-employed expenses can I deduct?
·
How do I report
income from self-employment?
·
Where do I
enter my business expenses in TurboTax CD/Download Home & Business?
·
How does my
side job affect my taxes?
Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers FAQ
https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Tax-Tips-for-Uber--Lyft--Sideca...
