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R
reckshop25
January 24, 2020
Question

What do I do with my information from Lyft if I did not make $20,000 last year for 2019 when filing with TurboTax?

  • January 24, 2020
  • 2 replies
  • 0 views
No text available

2 replies

B
Bsch4477
Employee
January 24, 2020

If you earned at least $400 in self employment income which the income from Lyft is, you have to report it on Sch C and pay self employment tax. 

X
xmasbaby0
Employee
January 24, 2020

You have to enter self-employment income if you made even $400.  

 

https://ttlc.intuit.com/questions/2903027-how-do-i-report-income-from-self-employment

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

 

https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

 

Tax Tips for Uber, Lyft, Sidecar and other Car Sharing Drivers FAQ

 https://turbotax.intuit.com/tax-tools/tax-tips/Self-Employment-Taxes/Tax-Tips-for-Uber--Lyft--Sidecar-and-other-Car-Sharing-Drivers/INF28820.html 

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

 

 

https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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