topic 1099 in Deductions & credits

1099

AL_M1491 — Thu, 20 Feb 2025 09:39:46 GMT

Re: 1900-NEC Itemizing Schedule C

ThomasM125 — Wed, 12 Feb 2025 01:34:40 GMT

You may need the receipts in the case of an audit to substantiate the vehicle expenses. It is possible the IRS would not accept a credit card statement showing charges, they may want to see the actual receipt. Also, whichever method you use, you would need to maintain a mileage log to substantiate the business versus personal use of the vehicle.

Re: 1099-NEC Itemizing Schedule C

AL_M1491 — Wed, 12 Feb 2025 01:46:27 GMT

Okay... the situation currently is I deliver food and will be sent an email with the miles or estimated miles, would I need receipts then if I chose to do the standard mileage rate?

Re: 1099-NEC Itemizing Schedule C

DawnC — Wed, 12 Feb 2025 02:01:38 GMT

Keep track of the miles you drive for business purposes, and keep detailed records of all of your business expenses.

You do not have to send in receipts with your tax return, but you need to have good records in case your tax return is reviewed or audited. The record keeping requirements exist whether you use actual expenses or the standard mileage method.

IRS Recordkeeping

When you go through the Vehicle Expenses section, you can enter all of your vehicle expenses and use actual costs or you can use the standard mileage rate. You can use either method, but should choose the option that results in the best tax outcome. Standard vs. Actual Mileage - for more information, click that link.

Re: 1099-NEC Itemizing Schedule C

AL_M1491 — Thu, 20 Feb 2025 09:42:20 GMT

Re: 1099-NEC Itemizing Schedule C

LeticiaF1 — Wed, 12 Feb 2025 14:52:47 GMT

Yes, when you work for a company doing food deliveries, usually the company keeps track of the miles you drove while being logged in to their app. Keep in mind that this report doesn't show all the miles you drove, like the miles you drove from home to the first pick up, or the miles you drove for any canceled orders. You should keep your own record of your total mileage. For more information see the following TurboTax help articles:

Reporting Self-Employment Business Income and Deductions

Tax Tips for Uber Driver-Partners: Understanding Your Taxes

@AL_M1491