If you want to enter your income from Uber/Lyft, follow the steps below:
After entering your 1099-K, you will have the ability to deduct your expenses. The FAQ article below is very helpful explaining the Uber 1099-K and why it is different than what you were paid by Uber.
Also to learn more information and tax tips about driving, see the article below:
If you want to enter your business expenses, follow the steps below:
- Sign into your TurboTax account and click Continue where I left off
- Choose Federal Taxes
- Click on Income and Expenses.
- Scroll down and select Show More in the Self-Employment section
- In this section labeled Line of Work find and Click on Edit next to the business you want to work.
- Near the bottom of the page, click on Add Expenses for this Work.
To find out more about qualified business expenses, click the link below.