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adamstocum
New Member

Did not make enough money with lyft to receive any tax forms. do i fill out a 1099 or what?

 
2 Replies
Marketstar
Level 7

Did not make enough money with lyft to receive any tax forms. do i fill out a 1099 or what?

Earning income driving for Lyft is self employment income, but you do not need to fill out or receive a 1099-MISC

If you earned more than $400 net income (income less expenses) working as a self-employed individual (or independent contractor), you must file a Schedule C, business income and expenses with your personal return and pay self-employment tax of 15.3%.

If you otherwise earned enough to file a return, you must report your self-employment income, no matter how small.

Simply follow these steps to enter your income from self-employment. 


Marketstar
Level 7

Did not make enough money with lyft to receive any tax forms. do i fill out a 1099 or what?

If you need further guidance on your Schedule C, please feel free to ask.

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