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New Member
posted May 31, 2019 9:05:41 PM

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

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1 Replies
Level 5
May 31, 2019 9:05:43 PM

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