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

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 prepaid 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-NEC (short for "Nonemployee Compensation") is used to report direct payment of $600 or more from a company for your services.

In your case, you’ll receive a 1099-NEC from Uber if you did something like: 

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