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Self employed
There is a 1099-NEC and a summary report. Let us say 1099-NEC has $500 on it and net deposit in the bank is $700 , the additional $200 is from non ride earnings such as bonuses and tips. So I can input $500 as my 1099-NEC earnings, $200 as my other earnings, which makes $700 as my gross earnings. The summary report shows higher amount of gross earnings which are actually Lyft's earnings. So I do not see a need to report Lyft's earnings, and Lyft's service fees, etc on Tax return. All I need to report is my 1099 earning + my other earning, which is what I received and from that I can expense out my mileage.
‎February 29, 2024
4:58 PM