Deluxe
will handle a limited Schedule C, which is the minimum you will need to report
this "self-employment" income (income from 1099-K or 1099-MISC are
considered self-employment). It will also handle very basic deductions such as
standard vehicle mileage, cell phone, and miscellaneous expenses less than
$100.
You
should start with Deluxe, then the program will prompt you to upgrade if you
start to deduct anything that goes beyond what the Deluxe package will
handle.
To
enter your self-employment income, start under Wages & Income >
1099-Misc and Other Common Income > Income from 1099-Misc. Enter the income
reported to you as if from
1099-Misc (Box 7) and indicate that you
may also have income for 2016 from the same source. This will allow you to
enter expenses (car mileage, cell phone, and up to $100 in expenses).
If
you didn't keep track of the mileage or the amounts Uber withheld (commissions
etc.), look on the 2016 Tax Information link on the payments page of your Uber
driver account. There is a summary sheet linked at the bottom and it shows the
fees they took out as well as the mileage for the trips (however, be mindful
that your mileage may actually be more as you drove around waiting for a
passenger).
If you using Turbo Tax Self-Employed Online or Turbo Tax Home & Business Desktop version
- Start under the Business tab
- Click I'll choose
what I'll work on
- In the "Business Income
and Expenses" section, next to "Profit or Loss from
Business", click Start or Update
- The next screen will ask
"Did you have any income and expenses for a business in 2015?".
Answer Yes.
- Follow the interview until
you reach "Let's confirm your business info". Verify everything
is accurate, then Continue
- You will be redirected to
your business page. In the "Business Income" section, click Start or Update
- Next to "General
Income", click Start or Update
- Manually enter a description
and amount for this income here
