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ropekic
New Member

If I use the commissions deduction for Lyft/Uber do I need to send them and the IRS a 1099-MISC?

I read that if you receive a 1099-K from them you'll enter it as Income on Schedule C but since the amount on the 1099-K is the gross amount not reflecting Uber/Lyft's commission I read that you would put those in the commission bracket a couple of clicks later in the app. Now, if one were to do that and utilize the commission deduction would you have to issue them a 1099-MISC and send one to the IRS too?

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1 Reply
AmyW
New Member

If I use the commissions deduction for Lyft/Uber do I need to send them and the IRS a 1099-MISC?

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.

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