What is the difference between a 1099-K and a 1099-MISC?

The 1099-K is used to report payment transactions that were facilitated by a third party. 1099-Ks are issued to anyone who:

  • Generated income from credit, debit, or pre-paid card transactions (in your case, that’s how passengers paid), OR
  • Had over $20,000 in sales and more than 200 individual transactions through a third party processor (in your case, each individual ride you gave). Because this threshold is so high, Uber will send a 1099-K even if you didn’t reach that threshold.

The 1099-MISC (short for “Miscellaneous) is used to report direct payment of $600 or more from a company for your services. In your case, you’ll receive a 1099-MISC from Uber if you did something like:

  • Referred other drivers to drive for Uber
  • Received a bonus for driving a certain number of trips
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