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Deductions & credits
Hello again Michael. I have a couple other pertinent questions. I am using TurboTax Home and Business because TurboTax staff told me that is what I needed. I also see other staff recommending TurboTax Self-Employment. Should I have used the latter?
Next, once I turn on the Uber app, even if I am leaving my driveway, I can begin counting my miles, correct?
Finally, I'm hoping you can explain a bit more to me about the Uber fees. You seem very knowledgeable about this. On the Uber Tax Summary page, I have tolls, safe rides fee, airport fee and booking fees listed under my Gross Fares. My gross fares were $406. My tolls were a negative number -$12.00. The total of all of these comes to $488. Under the 1099-MISC breakdown (I did not receive this form), there is incentive income of $27. Under "Other Potential Deductions" I see the Uber Service Fee of $85.
Do I add $406 and $27 for my total income where it asks for 1099-K forms in TurboTax or do I put $488+27 in that line? The -$12.00 throws me off, too. For the Uber Service fee of $85, do I put that with the other fees under "Other Common Business Expenses?"
Also, I can't see the screenshot you said you added. Thank you a bunch for all your help!
Jason
Next, once I turn on the Uber app, even if I am leaving my driveway, I can begin counting my miles, correct?
Finally, I'm hoping you can explain a bit more to me about the Uber fees. You seem very knowledgeable about this. On the Uber Tax Summary page, I have tolls, safe rides fee, airport fee and booking fees listed under my Gross Fares. My gross fares were $406. My tolls were a negative number -$12.00. The total of all of these comes to $488. Under the 1099-MISC breakdown (I did not receive this form), there is incentive income of $27. Under "Other Potential Deductions" I see the Uber Service Fee of $85.
Do I add $406 and $27 for my total income where it asks for 1099-K forms in TurboTax or do I put $488+27 in that line? The -$12.00 throws me off, too. For the Uber Service fee of $85, do I put that with the other fees under "Other Common Business Expenses?"
Also, I can't see the screenshot you said you added. Thank you a bunch for all your help!
Jason
‎June 4, 2019
10:52 PM