Do I put my own name down for the Business Name, or do I put Uber and the Uber address name and the Uber EID number down? If so, what about Lyft and Fasten payment that I need to report?
You can create a name for your business if you choose, but since Schedule C flows to your personal return, most people just use their own name and home address.
What about the EID? Do I use my name for the business and then use the EID that Uber has on the 1099 form they sent me?
You, ass a driver, do not need an EIN. If they sent you a 1099-Misc, you will enter the EIN for them where appropriate. If they sent you a 1099K, you would not enter it in the 1099-Misc area. Follow these steps:
• Click on Federal Taxes on the top row of TurboTax Self Employed Online.
• Click Wages & Income
• Under All Income, click Show all income
• Scroll to Self-Employment, click Start
• Click Yes to Did you have any self-employment income or expenses?
Enter any income from sales or services that weren't reported on Forms 1099-M
I applied for an EIN for free at IRS.gov. I wanted it to use that instead of my SSN everywhere. I set it up with my name, Transportation, Rideshare. I am going to use the EIN for Sixt Rentals and Self-employed from now on.