Question

I earned less than $600 driving for Lyft in 2020 and was never issued any tax forms. Turbo tax is asking me to enter a value from a Schedule SE-T. Can I skip this?

Forum|Forum|5 years ago
February 24, 2021
1 reply
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Lyft does not issue any schedule SE-T.

TurboTax Deluxe Online

No, you cannot skip it.

You are required to enter all your income. The Schedule SE-T is used to calculated any self-employment tax you have from self-employment profit.

If you have income from Lyft that wasn't reported on a Form 1099-NEC, you still need to report it (along with any other self-employment income) and can still claim deductions for expenses you incurred. If your expenses result in you having less than $400 of net income from self-employment, then your Schedule SE-T will not have any tax calculated.