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New Member
posted Oct 1, 2023 10:45:45 AM

My schedule C is asking for a principal business code. I didn't do a direct sales business last year so I don't know what to put here.

I had a direct sales business in 2021, but not 2022.  What is the principal business code?

0 2 2504
2 Replies
Level 15
Oct 1, 2023 11:22:51 AM

You can find the codes at the link below.

 

https://www.irs.gov/instructions/i1040sc#en_US_2022_publink1000312145

Level 15
Oct 1, 2023 11:25:07 AM

Did you have any business activity?  If not, you don’t have to complete Sch C.