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So, I ubered a bit in 2018 and had $1700 in earnings minus about 600 in expenses/fees/tax according to the summary doc. Per their terms, anything below $20k does not get a normal W2.
I'm doing my taxes with Turbo Tax and can't find the best way to enter the information that i would normally find on a W2. Any suggestions or directions please?
I believe an employer MUST issue either a W-2 or a 1099, both of which can be applied directly to tax filings. But then, Uber has shown that it thinks it can completely reinvent the employment and tax landscape to suit its fairly selfish desires.
Exactly what is this "tax summary" you were given?
Uber drivers are independent contractors, not employees. You don't get a W-2. You will enter the information as business income rather than income from employment.
Uber drivers are independent contractors, not employees.
Yes, of course.
Quote:
You don't get a W-2. You will enter the information as business income rather than income from employment.
Any business entity that pays a person or business for work or services has to issue a 1099 - I don't know of any exceptions, including Uber's uber-special-exclusive interpretation of their relationship with the meat popsicles who drive for them.
The OP either has never seen a 1099 or we're off the charted roads here in Uber-land.
Any business entity that pays a person or business for work or services has to issue a 1099 - I don't know of any exceptions, including Uber's uber-special-exclusive interpretation of their relationship with the meat popsicles who drive for them.
The OP either has never seen a 1099 or we're off the charted roads here in Uber-land.
There are two exceptions, one of which is if the payee made less than $600 and the other of which is if the payee is a corporation. Neither would apply here, of course.
It's not unusual for large businesses to delay mailing of 1099 forms until the last possible minute, and sometimes beyond. My guess is they provided the "tax summary" so he could go ahead and get started on his taxes without the 1099. And if he's e-filing with TurboTax he really doesn't need the actually 1099 anyway as long as he can verify that the information he's been given is accurate.
There are two exceptions, one of which is if the payee made less than $600...
I frequently get 1099s for well under this limit. Companies just issue them to everyone in their payables list to save the time of having to send separate summaries on demand to the smaller ones.
Their website says 1099's are issued by January 31. As mentioned above, you'll enter it on your return as business income and you'll also be able to deduct your expenses.
I hope you paid your estimated taxes (income, FICA, Medicare) on a quarterly basis.
With a regular W2 I have not had issues not doing this. I can definitely see it being a problem if there were no estimated taxes for the individual throughout the year, but for the tiny amounts here, I cannot see any reason to do this (given that taxes are being paid by regular W2 employment).
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