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Can we deduct Lyft/Uber Platform fees?

lucrecia
Level 4
 
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Just-Lisa-Now-
Level 15
Level 15

If you're reporting gross income from the job, then yes, you'd report fees you had to pay to earn that gross income amount.

Just like you, as a tax professional, take a credit card for a client fee and have to pay a processing fee, you'd report the total amount the client paid you, then report the fees you paid on that gross amount as an expense.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

If you're reporting gross income from the job, then yes, you'd report fees you had to pay to earn that gross income amount.

Just like you, as a tax professional, take a credit card for a client fee and have to pay a processing fee, you'd report the total amount the client paid you, then report the fees you paid on that gross amount as an expense.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
lucrecia
Level 4

Thank you Lisa I appreciate your help.

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