Gross Earnings of an Uber Driver
Some drivers, also collecting unemployment, are reporting every dollar paid to them as gross earnings. Is that correct? Should they be able to deduct IRS car expenses from that figure? I know cost of goods sold may be deductible before reporting gross earnings, but am unsure how that shakes out for a service worker. How would this change if they formed an LLC and reported all income through it? Can they form one now and claim all 2016 income through it?
Last edited by StuckInCleveland : 12-24-2016 at 05:03 PM.