Election to amortize startup costs

WHAT EXPENDITURE AMOUNT AMOUNT I NEED TO REPORT AS A UBER DRIVER?

3316

1 Best answer

New Member

Jun 4, 2019 2:16:52 PM

This is not a set Dollar Amount. You Start Expenses is money you spent in order to start operating, these can be items such as:

Inspections costs to your vehicle prior (or contingent) to joining Uber
Business Licenses (Local, State, Etc.) Many cities require a permit for services such as Uber or Lyft
If you leased a vehicle for Uber, any fees charged by the Leasing agency, linked with the vehicle lease.
Any fees charged by Uber before you began to operate

For a quick read and some tips of Start-up Business Expenses please click on the link below:

New Member

Jun 4, 2019 2:16:52 PM

This is not a set Dollar Amount. You Start Expenses is money you spent in order to start operating, these can be items such as:

Inspections costs to your vehicle prior (or contingent) to joining Uber
Business Licenses (Local, State, Etc.) Many cities require a permit for services such as Uber or Lyft
If you leased a vehicle for Uber, any fees charged by the Leasing agency, linked with the vehicle lease.
Any fees charged by Uber before you began to operate

For a quick read and some tips of Start-up Business Expenses please click on the link below: