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March 24, 2022
Question

I drove for Uber last year do I list my Gross earnings or do I list my Net income after expenses, fees and taxes?

  • March 24, 2022
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March 24, 2022

You list your gross earnings, and take the deductions for all the expenses, fees and taxes incurred. 

 

Your self-employment income and expenses will be entered in the Income and Expenses section under the federal taxes tab of TurboTax Online.

 

  1. Open or continue your return
  2. In the search box type schedule c and hit the Enter key, select the Jump to schedule c link at the top of the search results
  3. Answer Yes to Did you have any self-employment income or expenses?  And answer the questions on the following screens regarding your business activity.
  4. When asked to enter your income, follow these steps:
    • 1099-NEC - If you have a Form 1099-NEC, select and enter the information on the form
    • Other self-employed income - Select and enter the total of the following:
      • If you have a 1099-K, the amount in Box 1 Gross amount of payment//third party network transaction
      • If you don't have a 1099-K or 1099-NEC, report your Gross Earnings amount 

 

Next, you'll enter the type and amount of your expenses:

 

  • When asked if you have expenses, answer Yes
  • Answer the questions regarding your work
  • Vehicle and Other miscellaneous expenses should be selected as your type of expenses
  • Enter your Vehicle expenses if any
  • Enter any other miscellaneous expenses you incurred

 

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