topic How to report Lyft and Uber income https://ttlc.intuit.co... in Get your taxes done using TurboTax

I worked 2 jobs, 1 was my normal 40 hours a week and the 2nd was driving for Uber. Do I have to file on 2 different forms?

yankees18 — Tue, 04 Jun 2019 22:21:47 GMT

How to report Lyft and Uber income https://ttlc.intuit.co...

VolvoGirl — Tue, 04 Jun 2019 22:21:49 GMT

How to report Lyft and Uber income
https://ttlc.intuit.com/questions/3175807-where-do-i-enter-my-lyft-uber-income

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--Sidecar-and-other-Car-Sharing-Drivers/INF28820.html

You will need to file a schedule C in your personal tax return for self employment income. You will need to use the Self Employed Online version to fill out schedule C.

Here is some reading material……

IRS information on Self Employment….
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employed-Individuals-Tax-Center

Pulication 334, Tax Guide for Small Business
http://www.irs.gov/pub/irs-pdf/p334.pdf

Publication 535 Business Expenses
http://www.irs.gov/pub/irs-pdf/p535.pdf

Self Employment tax (Scheduled SE) is generated if a person has $400 or more of net profit from self-employment on Schedule C. You pay 15.3% for SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire. You do get to take off the 50% ER portion of the SE tax as an adjustment on line 27 of the 1040. The SE tax is already included in your tax due or reduced your refund. It is on the 1040 line 57. The SE tax is in addition to your regular income tax on the net profit.

All income from ALL sources are reported on ONE tax return.

Critter — Thu, 06 Jun 2019 13:55:24 GMT

All income from ALL sources are reported on ONE tax return.

Asuming that the 40 hrs job was as an employee -- you sh...

pk — Thu, 06 Jun 2019 13:55:25 GMT

Asuming that the 40 hrs job was as an employee -- you should receive a W-2 for that. The Uber job is essentially free lancing / self-employed -- should receive a 1099-misc. The second earning ( 1099-misc ) is reported on Schedule-C-EZ and you get to deduct all expenses associated with this income. You will have to use one of the higher levels of TurboTax though == suggest "Self-employment" version.