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Slakes
New Member

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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DawnC
Expert Alumni

Principal Business Code

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.  

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