topic my net also does not match up? the breakdown does not help in Get your taxes done using TurboTax

No 1099 from Uber. Do I report Gross Trip earnings or Net Trip Earnings?

2011techsavy — Fri, 07 Jun 2019 23:29:13 GMT

For this tax season, I did not meet any of the qualifications for a 1099 from Uber and instead got a Tax Summary. When reporting my income as additional income, do I use Gross Trip income or Net Trip income. It really is not that clear as to which one to use. Gross is obviously everything earned, not including fees, while Net has everything minus mileage taken off. I have a feeling it is Gross that I use, but I want to be sure.

Please enter your gross trip income, then deduct your bus...

KatrinaB — Fri, 07 Jun 2019 23:29:15 GMT

Please enter your gross trip income, then deduct your business expenses. TurboTax will calculate the net income.

But this confuses me, am I paying taxes on money I didn't...

amaidi — Fri, 07 Jun 2019 23:29:16 GMT

But this confuses me, am I paying taxes on money I didn't receive? For me the Gross Earnings was ~$1400, but the only money that reached my bank account was ~$820, does this mean I'm paying taxes for the extra ~$580 (which I assume were fees, taxes, and Uber's cost) that I never received?

go on tax summary for a breakdown of the taxes you paid t...

vcatalan18 — Fri, 07 Jun 2019 23:29:18 GMT

go on tax summary for a breakdown of the taxes you paid to uber etc

my net also does not match up? the breakdown does not help

aimieherriman — Fri, 07 Jun 2019 23:29:19 GMT

my net also does not match up?
the breakdown does not help

Disagree with the preferred answer. As a cash-basis taxpa...

ehoogland — Fri, 07 Jun 2019 23:29:21 GMT

Disagree with the preferred answer. As a cash-basis taxpayer we report income received. Only an accrual-basis taxpayer would be obligated to report this income as earned, then deduct. This is dicier if we receive a 1099 wherein the vendor reports the income. In that case I feel the wiser course would be to use accrual-based accounting and take the deductions.

Bottom line: it may be advantageous to work for both Uber and Lyft and thereby avoid the 1099 threshold of either company. An exception would be if you want to pay (more) self-employment taxes in order to secure more social security income upon retirement or disability.

I earned $9,000 and according to Uber I earned $15,000. I...

femalegirlmechan — Fri, 07 Jun 2019 23:29:23 GMT

I earned $9,000 and according to Uber I earned $15,000. I'm already behind $6,000. This is mind blowing. I owe taxes on money I didn't set up for to remove taxes from. I think Uber should pay taxes on the money I made for them and I pay taxes on ONLY the money that gets added to my account.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

vidgames — Mon, 01 Jul 2019 04:35:34 GMT

Well, you actually earned the $15,000, but Uber takes out fees and such that reduce it to $9,000 (the actual money you get in your bank account). It's better doing it that way than sending you the $15,000 and requesting that you send $6,000 for the fees...it's less messy for Uber to deduct the fees right after the work is done. But it does make it more confusing when it comes to tax time, but rest assured you're not paying taxes on Uber's fees: You report that you got the full $15,000 and then deduct the $6,000 as a business expense (that you're not taxed on), so you're only paying taxes on the $9,000.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

thanosdevine — Wed, 03 Jul 2019 01:37:58 GMT

I have been saying this since the first tax season

with uber. As an uber driver, I have to fill in the total amount

the customer pays, but I never receive that amount, since

uber takes 28% right off the top. That 28% never shows up in my

bank account. When tax season comes, I have to lie to the irs, on

uber's behalf, to tax me for much more money than I actually

made. This is the kind of voodoo accounting that uber

has been using successfully for some time, and the only reason

no one says anything is taxes are so confusing, that most people

feel lucky to survive filing their own taxes successfully, to bother

with the tax woes of others.

It's important to remember, that when big corporations like uber

scam the government, their scamming all of us. The next time you

see an uber executive riding around in a fancy car, remember that

you helped pay for it.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

Rainman12 — Wed, 03 Jul 2019 04:42:54 GMT

Not a 'scam' It's YOUR responsibility to track and deduct YOUR expenses, which includes Uber fees charged. If you can't track what's deducted from Gross (reported) pay, then You are incapable of filing a self-prepared return - which is all TurboTax (or any other) software can offer. IRS offers Many levels of free aids for the self-employed. Try https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

Re: I earned $9,000 and according to Uber I earned $15,000. I...

pennythief — Thu, 30 Jan 2020 19:38:25 GMT

Agree with this. If that money went into bank accounts, the actual worker could be investing that money and accruing interest or otherwise improving their financial situation. I don't understand why this is a legal way for a business to do this.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

BillM223 — Thu, 30 Jan 2020 20:45:23 GMT

I would report your gross earnings as if it were reported on the 1099-MISC, box 7.

Then I would subtract what you actually received from Uber and enter that as an expense under the "commissions" category - in this case, the $6,000 that Uber kept.

In this way, you will not be taxed on the $6,000 that you never saw and this would more accurately reflect the actual operation of your business.

This is true even for cash-based businesses like the average Uber driver (and a large percentage of all sole proprietorships).

Re: I earned $9,000 and according to Uber I earned $15,000. I...

femalegirlmechan — Sat, 21 Mar 2020 23:11:02 GMT

For Rainman12:

You do not get to tell me that I am not capable of doing my own tax return. I've BEEN doing them since 1979. Second, I asked a legitimate question as this was my first time filing under ride share. THIS was new, I asked a question and you don't need to be a rude jerk about it. There was no 1099, just a printed page like school homework. If you cannot give a legitimate answer without being a jerk, don't answer it.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

DoninGA — Sat, 21 Mar 2020 23:16:47 GMT

@femalegirlmechan wrote:

For Rainman12:

You do not get to tell me that I am not capable of doing my own tax return. I've BEEN doing them since 1979. Second, I asked a legitimate question as this was my first time filing under ride share. THIS was new, I asked a question and you don't need to be a rude jerk about it. There was no 1099, just a printed page like school homework. If you cannot give a legitimate answer without being a jerk, don't answer it.

Just so you know @Rainman12 was not answering your question or referring to you at all. He was answering another post from over 8 months ago as shown by the date of his post, July 3, 2019.

Sometimes these long threads can be confusing even for us that volunteer on the this forum daily.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

MikeyJuana — Tue, 28 Apr 2020 01:09:05 GMT

Im confused as well. I have been working in real estate for years and moved to CA last year to get my license and drove with Uber a lot last year. I am an independent contractor with both, so why shouldn't the 1099 be based on net earnings, those I receive? I would think the earnings would be the same but my 1099 from real estate always shows net earnings (The firm I park my license at takes its cut and deposits my cut in my account) So my 1099 reflects only net earnings. Though Uber doesn't do it that way. I guess I will take the gross earning fdeduct all the other fees and also try to do another tax return showing 1099 as net earnings to see if there is a difference.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

MikeyJuana — Tue, 28 Apr 2020 01:11:31 GMT

I would think real estate would be the same though it is different. Real estate firms receive the moneys, take their cut and 1099 the net earnings to their realtors, also independent contractors. But curious if Im combining realtor earnings based on net earnings, vs. Uber on gross if the accouting method can be the same?

Re: No 1099 from Uber. Do I report Gross Trip earnings or Net Trip Earnings?

Henry22 — Tue, 09 Jun 2020 12:00:20 GMT

I have a tax summary for 2019 from Uber. How do I file under what form and what to file gross or net

Re: No 1099 from Uber. Do I report Gross Trip earnings or Net Trip Earnings?

MinhT1 — Tue, 09 Jun 2020 14:00:12 GMT

@Henry22

From the Uber tax summary, you have to enter your gross income as Self-employed income.

To enter, your expenses from the Uber tax summary, follow the instructions in this TurboTax Help topic.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

wavemobile842 — Mon, 06 Jul 2020 03:36:54 GMT

I agree Uber does it really weird, I say the money deposited into my account should be my gross and not my net. Or at least let me see how much each rider pays rather than only showing what I earned, id like to see what Uber earned as well. I know some rides uber takes close to 50 % or more, maybe that's why we can't see what the rider pays.

Re: I earned $9,000 and according to Uber I earned $15,000. I...

ynksterhd — Wed, 17 Feb 2021 14:45:15 GMT

With all do respect, you are not getting it. Uber does not report to you anything other than the total income you received. the number is what you got paid after what Uber took plus all the fees they paid on your behalf. When you file your taxes the fees are filed as business expenses. You can also claim your mileage and 1/3 of your cell phone bill. Uber is not sending you a statement showing what the rider actually paid. They are not ripping you off but actually doing riders a favor by paying all of the fees and keeping track of online miles. In review, the number you see on your statement is what you got paid for your trips not what Uber charged the rider. the fees are added to your total income but are not taxed as they are deducted as business expenses along with your states per mile deduction.