Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Taxpayer is a driver and has 1099's form multiple companies (Lyft, Uber, Amazon, etc.) using the same car. do they all attach to the same Sch. C?

jeanmarc
Level 4

We're having a discussion between two preparers—one thinks each 1099 should get its own Schedule C, while the other thinks they can all be grouped together on one Schedule C with all the expenses reported together. What's the right way to do it?

0 Cheers
7 Comments 7
BobKamman
Level 15

Does an electrician file a separate Schedule C for every building he wires?

dkh
Level 15

One of these preparers doesn't have enough work to do..........

IRonMaN
Level 15

That discussion has a much clearer ending than if they were discussing which came first - the chicken or the egg?  Sounds like the one preparer bills by the form and is eager to gouge clients for unnecessary work.


Slava Ukraini!
TaxGuyBill
Level 15

@IRonMaN wrote:

Sounds like the one preparer bills by the form and is eager to gouge clients for unnecessary work.


 

I don't remember if this story was told on this forum or somewhere else, but that reminds of something I read last year about TurboTax.

Someone was working for the "full service" department of TurboTax where they prepare the entire tax return.  That person wanted to enter the gross income directly on Schedule C.  But their manager insisted that everybody enter each individual 1099-NEC.  As you can guess, the customer is charged for each 1099-NEC that is entered.

qbteachmt
Level 15

These companies are his customers. He's got/is this one business.

1099-NEC is an informational form. If your client drove for 1 or 150 businesses, such as a courier, and if no one paid him $600 or more in the year, he'd never get a 1099-NEC at all. Yet, he would report all of this on the tax form, all revenue and expense. If he drove only for private people and they paid him $1million, he would not get a 1099-NEC, yet he would report all of this on the tax form, all revenue and expense.

The 1099-NEC forms are not the tax reporting paperwork.

*******************************
Don't yell at us; we're volunteers
Just-Lisa-Now-
Level 15
Level 15

I put them all on one.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
judys3
Level 5

It's all the same business so you would file 1 schedule C

0 Cheers