If I work for Uber and Lyft and have 2 individual 1099K’s, do I have to file 2 separate tax returns?

shmuelazizian18 — Thu, 06 Jun 2019 14:36:04 GMT

No, you can include both amounts under one Schedule C bus...

AnthonyC — Thu, 06 Jun 2019 14:36:05 GMT

No, you can include both amounts under one Schedule C business. For example, your business will be Driving Services or Ride-Sharing and then you can include the total income for both 1099Ks and your related expenses for both services under one Schedule C.

You can enter your driving income as self-employed income/expenses for Schedule C by following the instructions below -

Log into your account and click Take Me To My Return (you must click this before searching if you are not already in your account)
Type “Schedule C" in the search box, top right of your screen, then click the magnifying glass
Click the "jump to schedule c" link in the search results.
You will arrive at the Your Business summary page where you can add/edit a business
If you have not set up your business profile, the program will ask you a series of basic questions to establish your profile
Follow the onscreen instructions to enter your business income and expenses
For entering income, there will be two main sections: one specifically for income reported on a Form 1099-MISC and one for all other additional income (including cash, checks, or income reported on a Form 1099-K). There is an additional section for uncommon income, but you will use "all other additional income.” See screenshot below.
After entering your income, you can proceed to the expenses section to deduct any business expenses for the Uber Income (such as gas and platform fees)

See some of the following articles for advice and tips on your Uber income and filing tax returns as a self-employment person:

What do I need from Uber to file my taxes?

How do I enter my expenses from my Uber Tax Summary into TurboTax Self-Employed Online

Beginner’s Tax Guide for the Self-Employed

How to Use Your Lyft 1099 - Tax Help for Lyft Drivers

topic If I work for Uber and Lyft and have 2 individual 1099K’s, do I have to file 2 separate tax returns? in Get your taxes done using TurboTax

If I work for Uber and Lyft and have 2 individual 1099K’s, do I have to file 2 separate tax returns?

No, you can include both amounts under one Schedule C bus...