In the Self-Employed version of Turbo Tax
Click on the Federal Taxes tab
Click on Income and Expenses
You may see a prompt for Self-Employment, but
if not
Click on Check for More Income and See
All Income
Scroll down to the Self-Employment section
with the blue person icon
Click on Show More
And Start or Edit.
Scroll down past Expenses line and click on
the blue
Add More Expenses for this work button
Click on the blue triangle next to Less
Common Expenses
for legal and professional fees, commissions and much more.
You can enter this expense as Commissions paid to
your rideshare company. TurboTax provides the option to type in a
description, so you can indicate what exactly they are.
Note: As
a business owner or self-employed individual, you can enter either the standard
mileage rate or the actual cost method, which tracks what you paid for gas and
maintenance.
To use the standard mileage rate, you must
keep a log of each trip with miles driven during the first year your vehicle is
used for business. After that, you can either go with standard mileage or
actual cost (unless you lease, in which case you must stick with standard mileage
for the duration of the lease).
To enter vehicle related expenses
Add More Expenses for this work button
Click on the circle for Vehicle Expenses
Click on Continue at the bottom
The vehicle expenses have a series of
questions and you can choose to use either a cost per mile or use the actual
costs for the vehicle (including gas) and the next page has tolls and parking.
click
here for more tax tips for drivers
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