Expenses on Form 1099

Some of the obvious deductible expenses may be on your 1099 form itself. For example, Uber provides a tax summary with your 1099 income, which includes expenses like Uber’s booking fees, tolls, other booking fees, and split fare fees. All of these can be deducted as expenses on Schedule C of your taxes. However, there are additional things you can expense – for example, all the costs of operating your vehicle such as gas, repairs and maintenance, car registration, and depreciation or lease payments.