If you’re eligible for a 1099-K or 1099-MISC form, they can be downloaded from the Tax Information tab of your Driver Dashboard. You’ll likely still have to file your taxes even if you don’t receive a 1099. If you’ve earned less than $20K with Lyft in 2018, you’ll have all the info you need in the Tax Summary document.

How do I report income on Lyft on my taxes?

You will file Schedule C to report your profit to the IRS. On the form, you record all your business income (Uber or Lyft income) and business tax deductions (expenses). You pay taxes on your net income, which is your total income minus any business tax deductions.

When do I get my 1099 form from Uber?

Uber and Lyft send out 1099 forms every year by January 31. If you have not received your 1099 form from Uber or Lyft, you may need to reach out to Uber and Lyft to get those forms.

What happens if you get sick with Lyft?

One of the loans will be forgiven as long as your funds are used to cover payroll payments to your employees. Other than that, most of the loans will require repayment. For those drivers who are unfortunate enough to get sick with COVID-19, many of the rideshare companies have promised to pay you for your time away from the road.

Where do I go to file my taxes with Uber?

You still need to claim your income and pay the taxes based on that amount. So, just as above, you’ll log into your Uber account and click on the tab called “Tax Information”. From there, you can find your tax summary and use those numbers to fill in the forms needed for filing.

When do I get my money back from Uber?

As long as you filed your 2019 taxes and you showed some income from $1 to $75,000, you will receive $1,200 in April. If you did not file your 2019 taxes yet, then the IRS will look at your 2018 tax return. If you don’t meet either of those requirements, then I suggest you file your 2019 taxes right away.