In general, income earned by renting your car is taxable. In order to see your past earnings, log in to your account. Click on your name in the top right corner, and select “Earnings” in the drop-down. You’ll be able to see every transaction and amount we’ve paid you since you started renting your vehicle(s) through Turo. We also send out monthly statements with your earnings for the previous month.
The rest of the article applies only to the US
Beginning with the 2014 tax year, we started sending 1099-K forms. This shouldn’t change the way you file your taxes. As always, we encourage you to consult a tax professional for assistance reporting your income.
You can provide us with your W-9 information by sending us your completed W-9 form (http://www.irs.gov/pub/irs-pdf/fw9.pdf) by fax (888-701-2897), or mailing to: Turo, Inc., 116 New Montgomery St., 7th Floor, San Francisco, CA 94105.
There may be deductions you’re able to take against this income (some vehicle expenses, depreciation, etc.). Please consult your tax professional to help determine tax treatment for your carsharing activities, and retain all relevant documentation.
This statement is provided for informational purposes only and is not intended to constitute tax advice.