Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 10:26:34 PM

After entering all expense and income for my work with Uber it is a large negative number. I just feel like that will be audited badly did I add way to many expenses?

0 1 1375
1 Replies
Employee Tax Expert
Jun 4, 2019 10:26:35 PM

Being self-employed does by itself, bring an increased audit risk. IRS agents know that self-employed people sometimes claim excessive deductions and don't report all of their income.

Understanding your risk is important in your decision to claim your expenses. If you wish to proceed, make certain that you have well documented records. The IRS can disallow any deductions that you can't support with:

  • Receipts
  • Mileage logs
  • Any other documentation

https://turbotax.intuit.com/tax-tips/self-employment-taxes/tax-tips-for-uber-lyft-sidecar-and-other-...