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If you drive for a rideshare company like Uber or Lyft, you'll use the same business activity code as taxi and limousine drivers. The code is 485300. For delivery drivers such as Doordash and Uber Eats, the code is 492000.
Deducting miles for delivery drivers This may include expenses such as car payments, gas costs, oil changes, registration fees, insurance, parking fees, tolls, and depreciation (if you own the car or truck), new tires, or leasing costs. You may choose the actual expense method or use the standard mileage rate.
How to complete and file Schedule C for your small business Prepare your financial statements. ... File Forms 1099 for all contractors. ... Report cost of goods sold. ... Report income. ... Report business expenses. ... Report the business use of your vehicle. ... Add other expenses. ... Calculate net profit or loss and report on schedules 1 and SE.
You should receive a 1099-NEC from each company you deliver for. If you're an independent contractor, you can typically deduct work-related expenses on Schedule C. These write-offs may include mileage, tolls, mobile phone charges, supplies, and more.
Independent contractors receive a 1099-MISC form that reports all the money the delivery service company paid you. Although employers are required by law to send these forms to independent contractors, they don't always do so. Even if you don't have a form, you must still report all the income you received.