Lending institutions, especially mortgage lenders, want something official from a company or the gov't. Anything that I print from my rideshare platform is not considered official. That leaves me with two options. Bank statements and filed taxes. My taxes show that I operate at a loss, for obvious reasons, so therefore they actually hurt my income amount. Bank statements show logistics but are lacking the details that lenders want, such as one would see on a paystub. Lyft's policy of providing a 1099 form only applies if you make over $20k for the year. We who work part time get caught in the middle!!
RIDEGURU
Lending institutions, especially mortgage lenders, want something official from a company or the gov't. Anything that I print from my rideshare platform is not considered official. That leaves me with two options. Bank statements and filed taxes. My taxes show that I operate at a loss, for obvious reasons, so therefore they actually hurt my income amount. Bank statements show logistics but are lacking the details that lenders want, such as one would see on a paystub. Lyft's policy of providing a 1099 form only applies if you make over $20k for the year. We who work part time get caught in the middle!!