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posted Mar 21, 2025 6:41:53 PM

Principal Business Code

I received a 1099-NEC for payment I received for serving on a metropolitan district board.  What is the Principal Business Code.  

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1 Replies
Expert Alumni
Mar 21, 2025 6:44:59 PM

You can use 999999.   Business codes are used by the IRS to categorize your business for statistical purposes only. The code you enter won't affect the outcome of your tax return.    Use this link if you need instructions on entering it - you'll choose your platform.