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blove0513
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I need help with rideshare income

I drove for uber and lyft last year but didnt earn enough to get a 1099k or 1099 misc, all I got was a tax summary.  The turbo tax software doesnt tell me how/where to enter this type of form. Does anyone know how to add this income to my taxes?  I'm trying to avoid paying an arm and a leg to do my taxes.

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1 Reply

I need help with rideshare income

You'll need to complete Schedule C or C-EZ.  I hope you kept a record of all the miles you drove because it's usually more advantageous to just take the standard mileage deduction than keeping track of car expenses (intenance, auto insurance, etc.).  You can also deduct any fees, etc required to drive for them.  You'll need to pay self employment tax (FICA & Medicare) unless your net profit is less than $400.  Schedule C can be a little difficult so you may need some help.  Good luck.

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