Clarification on adding 1099 k for lyft and uber
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TRUSHOTTABOY88
New Member

Clarification on adding 1099 k for lyft and uber

 
1 Reply
PaulaM
Employee Tax Expert

Clarification on adding 1099 k for lyft and uber

A 1099-K received for ride sharing income from Uber/Lyft is not directly entered into TurboTax or your tax return. Instead, it is treated as business income and recorded on a Schedule C for your business. You will be able to deduct expenses that you incurred in the schedule C as well. 

See below for helpful information for your ride sharing business. Type 'schedule c' in the search box, then select the 'jump to' link to get started.

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

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