Yes, you would report this as income but turn around and report it as a transportation expense so the net amount is zero taxable income to you.
To enter your business income and expenses:
- Type Sch C in the search/find bar and click search/find.
- Click
on Jump to Sch C.
- Click
on start or Add Another Business.
- TurboTax
will ask you a series of questions to record your business income and expenses.
- Enter your 1099-MISC form. For Business Description, you may enter Transportation, Code 999999.
- Enter the transportation expense under Other Common Business Expenses, Miscellaneous Expenses. Enter Transportation Expense as the Description.
