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Level 1
December 6, 2021

which uber docs are taxable? i know 1099 nec is taxable but what about see below

  • December 6, 2021
  • 2 replies
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which uber docs are taxable? i know 1099 nec is taxable but what about gross earnings, expenses, fees and tax and net payout?  do i claim on schedule C the net payout and also the 1099 NEC?

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    2 replies

    abctax55
    Level 15
    December 6, 2021

     ALL income is taxable (with a very few exceptions).  Whether it's on a F 1099-NEC or not....

    You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

    Cheers!

     

    HumanKind... Be Both
    qbteachmt
    Level 15
    December 7, 2021

    "do i claim on schedule C the net payout and also the 1099 NEC?"

    Do you understand how Net and Gross differ for use on tax forms? Payouts are the Banking. That isn't the operational data for tax forms.

    Did you try googling:

    https://turbotax.intuit.com/tax-tips/self-employment-taxes/how-to-use-your-uber-1099s-taxes-for-uber-drivers/L9cOvyVkM

    https://turbotax.intuit.com/tax-tips/self-employment-taxes/tax-tips-for-uber-drivers-understanding-your-taxes-/L7sbLCSc4

    Those topics should be helpful to you, along with the IRS 1099 references.

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