I used Schedule C to report my 1099 Misc income from an electric co-op as a director. Since it is an electricity provider, I listed the business under the Utility code of 221000.
Did I report this income correctly?
I used TurboTax Premier and have already filed my taxes.
You'll need to sign in or create an account to connect with an expert.
That code is not important. It is just for statistical reporting. Schedule C is the right place to report the income.
Thanks very much! I should have asked the other directors how they filled in their Schedule C. I wasn't aware that the code was purely for statistical purposes. Good to know.
You can always use 999999 (unclassified)
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ammason
Returning Member
psychopengy
Level 1
scevansoh
New Member
nbgoku
Returning Member
M Furius Camillus
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.