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Oh, yes you pay tax on that rideshare income. You have self-employment income.
What tax information can I import from Uber?
You can import your Uber income info which includes the following:
· 1099-MISC Form
· 1099-K Form
Your mileage, tolls, and other expense info from your Uber Tax Summary won’t be imported. We have instructions on how to enter your expenses from your Uber Tax Summary.
Related Information:
· How does importing from Uber work?
· How do I import my income information from Uber?
· How do I enter my expenses from my Uber Tax Summary into TurboTax Self-Employed Online?
· What self-employed expenses can I deduct?
Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers FAQ
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax
https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c
https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct
https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs
"Never received"
your 1099-NEC or 1099-MISC (or W-2) is due to you by Jan 31.
You have to wait at least until that date.
after 2/15 you can complain.
4/18 is the filing date.
That is Self Employment income.
To report your self employment income you will fill out schedule C in your personal 1040 tax return and pay SE self employment Tax. You can enter Self Employment Income into Online Deluxe or Premier but if you have any expenses you will have to upgrade to the Self Employed version. Or any of the Desktop programs. But you will get the most help in the Home & Business version.
How to enter income from Self Employment
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...
You might want to use Quicken or QuickBooks to keep tract of your income and expenses. There is one called QBSE QuickBooks Self Employed that works with Online Turbo Tax and will give you a free online tax return next year.
https://quickbooks.intuit.com/self-employed
You need to report all your income even if you don't get a 1099NEC or 1099Misc. You use your own records. You are considered self employed and have to fill out a schedule C for business income. You use your own name, address and ssn or business name and EIN if you have one. You should say you use the Cash Accounting Method and all income is At Risk.
After it asks if you received any 1099NEC it will ask if you had any income not reported on a 1099NEC. You should be keeping your own records. Just go through the interview and answer the questions. Then you will enter your expenses.
Self Employment tax (Scheduled SE) is automatically generated if a person has $400 or more of net profit from self-employment. You pay 15.3% SE tax on 92.35% of your Net Profit greater than $400. The 15.3% self employed SE Tax is to pay both the employer part and employee part of Social Security and Medicare. So you get social security credit for it when you retire. You do get to take off the 50% ER portion of the SE tax as an adjustment on 1040. The SE tax is already included in your tax due or reduced your refund. The SE tax is in addition to your regular income tax on the net profit.
Here is some IRS reading material……
IRS information on Self Employment
https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
1040 Schedule C Instructions
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf
Publication 535 Business Expenses
https://www.irs.gov/pub/irs-pdf/p535.pdf
You will probably get a 1099NEC or 1099K form for it. They have until Jan 31 to send it to you. Even if you don't get a 1099 you still have to report all your income. Here are some links from last year. Hope they still work this year.
Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers FAQ
https://turbotax.intuit.com/tax-tips/self-employment-taxes/tax-tips-for-uber-lyft-sidecar-and-other-...
What do I need from Uber?
https://ttlc.intuit.com/community/uber-or-lyft/help/what-do-i-need-from-uber-to-file-my-taxes/00/271...
How to get the Uber Discount
https://ttlc.intuit.com/community/charges-and-fees/help/how-can-i-apply-my-uber-discount-to-my-turbo...
How to import from Uber
https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-income-information-from...
And
https://ttlc.intuit.com/community/entering-importing/help/how-does-importing-from-uber-work/00/27149
Where to enter Uber/Lyft Income
https://ttlc.intuit.com/community/uber-or-lyft/help/where-do-i-enter-my-lyft-uber-income/00/26804
How to enter Uber Expenses in Turbo Tax Online
https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-my-expenses-from-my-uber-ta...
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