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I would think real estate would be the same though it is different. Real estate firms receive the moneys, take their cut and 1099 the net earnings to their realtors, also independent contractors. But curious if Im combining realtor earnings based on net earnings, vs. Uber on gross if the accouting method can be the same?
I have a tax summary for 2019 from Uber. How do I file under what form and what to file gross or net
From the Uber tax summary, you have to enter your gross income as Self-employed income.
To enter, your expenses from the Uber tax summary, follow the instructions in this TurboTax Help topic.
I agree Uber does it really weird, I say the money deposited into my account should be my gross and not my net. Or at least let me see how much each rider pays rather than only showing what I earned, id like to see what Uber earned as well. I know some rides uber takes close to 50 % or more, maybe that's why we can't see what the rider pays.
With all do respect, you are not getting it. Uber does not report to you anything other than the total income you received. the number is what you got paid after what Uber took plus all the fees they paid on your behalf. When you file your taxes the fees are filed as business expenses. You can also claim your mileage and 1/3 of your cell phone bill. Uber is not sending you a statement showing what the rider actually paid. They are not ripping you off but actually doing riders a favor by paying all of the fees and keeping track of online miles. In review, the number you see on your statement is what you got paid for your trips not what Uber charged the rider. the fees are added to your total income but are not taxed as they are deducted as business expenses along with your states per mile deduction.
With all do respect, you are not getting it. Uber does not report to you anything other than the total income you received. the number is what you got paid after what Uber took plus all the fees they paid on your behalf. When you file your taxes the fees are filed as business expenses. You can also claim your mileage and 1/3 of your cell phone bill. Uber is not sending you a statement showing what the rider actually paid. They are not ripping you off but actually doing riders a favor by paying all of the fees and keeping track of online miles. In review, the number you see on your statement is what you got paid for your trips not what Uber charged the rider. the fees are added to your total income but are not taxed as they are deducted as business expenses along with your states per mile deduction.
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