Filling taxes

[markzolotoy]

How are we filling our taxes?

Thanks

[2ef54d61]

You're gonna have to be a little more specific if you want a useful answer. That's a really vague question. 

[markzolotoy]

How do I file taxes for 2021? I didn't get any form from Upwork.

[pgiambalvo]

If you're U.S. based, you'll start getting one from Upwork next year, I believe. Right now, they didn't report any of your income you made here to the IRS unless you've made a ton and under very specific circumstanses.

[2ef54d61]

You won't be getting any form from Upwork. You'll have to go through your history and figure out how much you made last year and report it manually. It's a pain. 

[markzolotoy]

Which item in the tax return to use for Upwork earnings? It's my first year.

[martina_plaschka]

Depends on for which of the 180 countries on upwork you ask. 

[lysis10]

I filed before I even got my 1099-k. You can get a total from the transaction report. Download it to excel and then you have to do a little manipulation to separate your writeoffs (the commission fees and subscription if you have it). I also like it to keep a record of what I made monthly and what I paid to Upwork monthly.

Anyway, you can then total your income. What I got in my spreadsheet was on the dot the same as reported on the 1099-k.

TurboTax has a section where it asks for income and then in there you can add Upwork as a 1099-k. I use the self employed version of TurboTax.

[markzolotoy]

I see. So, I am reporting on the net income. However, I am using a standard version of TurboTax. Will that work?

[lysis10 · Accepted solution]

> I see. So, I am reporting on the net income. However, I am using a standard version of TurboTax. Will that work?

Well, I report the gross and then write off expenses. I know you can do either way but I like to match what is reported to the IRS.

I don't know if the standard version of TurboTax will work. I suppose you'll have to verify that it allows you to write off expenses and report with a 1099-k.

[daringreenwalt]

Hi Jennifer! You seem to be very knowledgeable, so I hope you can help me. I added up all my earnings from Upwork. Can I subtract Upwork's service fees to get the total I need to report on my IRS forms? Do I understand correctly? Thanks!!

[markzolotoy]

Proudly filing tax return in the US!

[d1d6bfb1]

I can help you in filling but I am new here.