Will Octopus send me any tax forms for my 2023 taxes?

Your tax situation with Octopus will depend on the amount you cash out in 2023 from your Driver Dashboard. You can find a breakdown of your 2023 cash outs with Octopus by using the Wallet feature in Octopus Driver App. You can find instructions how to find a breakdown of your payments at: https://playoctopus.com/help/app-cashout/

Please select your 2023 cash outs below for specific advice on what to expect from Octopus this tax season:

I cashed out $600 or more with Octopus in 2023

I cashed out less than $600 with Octopus in 2023

I cashed out $600 or more with Octopus in 2023

If you provided a valid W9 before January 17th, 2024: Our finance team sent a 1099 via USPS and via email to your information on file. Please check your spam or junk mail folder for an email from contact@playoctopus.com if you are unable to find the form.

If you did not provide a valid W9 before January 17th, 2024: We did not issue you a 1099 form and you will not receive any tax forms from Octopus. We recommend contacting an accountant or tax preparer if you have any questions about reporting your income with Octopus.

I cashed out less than $600 with Octopus in 2023

You will not receive any tax forms from Octopus. The IRS does not require that we send a 1099 if you cash out less than $600 with Octopus in a calendar year. 

If you earned between $550 and $600 with Octopus in 2023, you likely were still asked to complete a W9 form — we ask that you complete a W9 form to ensure we are in compliance if you end up cashing out $600 or more with Octopus within a calendar year. 

Looking for tips as you work on your taxes? Check out this article from our friends at at Gridwise: gridwise.io/rideshare-driver-tax-deduction-guide.

Please note: We are unable to provide any tax advice, and recommend that you contact an accountant or tax advisor if you have any questions about completing your taxes. 

If you have any other questions, please let us know by submitting a support ticket below: