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.

Tax Year Prior to 2020: Its asking me for a business code, I need one for selling Isagenix?

 
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 Reply

Tax Year Prior to 2020: Its asking me for a business code, I need one for selling Isagenix?

Yes, because you are an Independent Contractor and that is considered a Self-Employed business owner. The following link has a long list of codes starting on page C-17 of these  Instructions for Schedule C. For Isagenix, code 454390 Other direct selling establishments is commonly used.

You will file a Schedule C for the business.  The Schedule C will flow onto your individual income tax return (Form 1040) and be netted with other personal income and expenses.

Follow through all the areas in the Business section of the TurboTax software and it will provide you with a lot of assistance. You'll notice blue links that have more information and details about the particular sections that will be extremely helpful. 

Also, this link may be helpful to you IRS Small Business Help Center .

 

What is a Schedule C?

https://ttlc.intuit.com/replies/3302122




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