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.
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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)
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