No, you should not duplicate those entries.
If you wanted to report them as separate businesses, you would need to separate all of your expenses between the two companies.
Instead, because the service you provided for both Lyft and Uber was very similar, it would be simpler to report all of your income and expenses from both Lyft and Uber as a single business on one Schedule C.
For more information see below:
Still have questions?Make a post