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

ropekic · ‎June 6, 2019

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?

AmyW · ‎June 6, 2019

If you want to enter your income from Uber/Lyft, follow the steps below:

https://ttlc.intuit.com/replies/6565219

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.

https://ttlc.intuit.com/replies/5802929

Also to learn more information and tax tips about driving, see the article below:

https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Tax-Tips-for-Uber--Lyft--Sideca...

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.