The Uber Tax Summary offers a detailed breakdown of the "gross income" reported on your 1099-K. It's important to note that this is not an information return, like your 1099-NEC or 1099-K. However, it's a valuable document to keep for your records.
When filing your taxes, your 1099-K reports your total income, which includes commissions and fees deducted by Uber. Your Uber Tax Summary clarifies how this gross total was calculated and specifically shows the amount attributed to commissions and fees. The good news is that the total commissions and fees listed on your summary are deductible as a business expense.
Additionally, your tax summary includes your completed trips and online miles. Depending on whether you plan to use the standard mileage deduction or the actual expenses method, your mileage may also be deductible.
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