Uber eats tax summaries, i made under $400 and didnt receive a 1099. i have table 1 expenses fees and tax also table 2 additional payments. how should i file it?

Im confused about entering the uber eats money i received, i have never filed a 1099 for or schedule c, i only have the online miles logged but no written ones. i also only did it for march of 2023 as a small side hustle to help pay some things but i only made around $350, 25 trips. please help, thank you!

3897

Expert Alumni

Apr 8, 2024 3:38:17 PM

This income is more like a hobby at the moment so my advice is to report it as such. For future here is some information about hobby vs business income.

This IRS link will help you: Business or Hobby?

Key elements:

A hobby requires you to report the income you received and under the current tax law, Tax Cuts and Jobs Act (TCJA), no expenses are allowed to be used to reduce the money collected even if you itemize deductions.
A business allows you to deduct the costs necessary to obtain the income. The law explains that 'you must be engaged in the activity to produce a profit'. The test under IRS tax law is that you must show a profit three out of every five consecutive years to be considered a business.

Other Miscellaneous Income:

Go to the Wages and Income section of TurboTax
Scroll to Less Common Income > Select Miscellaneous Income, 1099-A, 1099-C
Select Hobby Income or Other reportable Income > Enter a description (----) and the amount if you use 'Other'.

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Uber eats tax summaries, i made under $400 and didnt receive a 1099. i have table 1 expenses fees and tax also table 2 additional payments. how should i file it?