2684662
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Not sure of the business code.. plz help

My husband has started to sell replicas of signed baseballs, cards since last year. He has a lot of expenses for research and development last year. I think this is a sort of retail small business but I need to know the exact  code. Can someone help me?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AnnetteB6
Expert Alumni

Not sure of the business code.. plz help

You're welcome.  Remember you can always estimate any taxes you may owe and file an extension to get more time to file the actual return.

 

See the following TurboTax help article to learn more if this would help you:

 

How do I file an IRS extension (Form 4868) in TurboTax Online?

 

@SGlover16

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

3 Replies
AnnetteB6
Expert Alumni

Not sure of the business code.. plz help

Depending on whether you operate a store or sell online, some of the following codes might apply:

 

453310 - used merchandise store

453990 - miscellaneous store retailer

451120 - hobby, toy & game store

454110 - electronic shopping and mail-order houses

999999 - unclassified

 

Choose the one that most closely describes your business, but do not worry if it is not an exact match.  The business code is used for statistical purposes.  

 

To see the complete list, use the following link and go to pages 18-19. 

 

IRS Instructions for Schedule C 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Not sure of the business code.. plz help

@AnnetteB6 Thank you so much for your quick reply. Yes, this is online store. It's got a lot of start up cost that I am not how to get them sorted. It's a challenging tax filing this year!

AnnetteB6
Expert Alumni

Not sure of the business code.. plz help

You're welcome.  Remember you can always estimate any taxes you may owe and file an extension to get more time to file the actual return.

 

See the following TurboTax help article to learn more if this would help you:

 

How do I file an IRS extension (Form 4868) in TurboTax Online?

 

@SGlover16

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question