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.
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