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Do Uber and Lyft tax your earnings or do they send you 1099's at the end of the year?
Posted 8 years ago
Posted In
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Posted By
Jackson Bauer (jbauer)
398
Driver
Ride Apprentice from Boston, MA
Taxi Driver - Boston
I've been a taxi driver for 20+ years now. Been in Boston the whole time. I'd like to think I have open mind and am not against signing up for Uber. Just haven't had the chance yet. Oh, I don't own a car, so how do I do that?
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Comments
Uber driver partners must file taxes as self-employment income, which differs from the taxes of traditional workers. Instead of using a W-2 to report income, self-employed professionals must use a 1099 when filing taxes. Uber driver partners fall under the rules for a 1099-K for their driving services and a 1099-MISC for any other payouts (e.g. new city bonuses, mentoring, referral fees, etc.).
Uber and Lyft do not take your taxes out, you have to do that yourself. I learned the hard way.
They send you a 1099. I think if you made over $600 or something. You file it like you are an inependent contractor.