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.

Turbo Tax for Business business code issue

I am using the online version of TurboTax for Business 2022 to prepare the 1120S tax return for my business. It will not accept the correct business code.  I have used that code for years and again verified that the IRS still lists the same code for my type of business.  I have changed the business description to exactly what IRS uses for this code. TurboTax continually gives me an error since it will not accept the code number. Is my only option to print the return and file by mail after manually entering the code? I would much prefer to file electronically. 

 

 

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.

7 Replies

Turbo Tax for Business business code issue


@hbgal wrote:

I am using the online version of TurboTax for Business 2022 to prepare the 1120S tax return for my business. It will not accept the correct business code. 


Which code are you using?

 

Also, note that there is currently no online version of TurboTax Business.

CarissaM
Expert Alumni

Turbo Tax for Business business code issue

It could be one of the forms you need to use is not able to e-file this year. 

 

You can view the list of forms here to see if this is the case. 

 

If you would prefer quicker assistance, you can click here to contact us by phone. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Turbo Tax for Business business code issue

My mistake on description of TurboTax version. It was downloaded so I was thinking online. My error.

 

I have used code 522298 for years and it is still listed by IRS. However I got around the rejection by Turbo Tax by using the more general code, 522200. An annoyance having to spend so much time on this. However now done and filed. 

Turbo Tax for Business business code issue

i am having the same problem with a different business code number.

 

Turbo Tax has an issue here they need to resolve.

Turbo Tax for Business business code issue


@hbgal wrote:

I have used code 522298 for years and it is still listed by IRS. However I got around the rejection by Turbo Tax by using the more general code, 522200. 


The codes are listed (in the 1120-S instructions) at the link below. No 522298.

 

https://www.irs.gov/instructions/i1120s#idm140308407294848

Turbo Tax for Business business code issue

I have the same issue.  The code is valid in the IRS document and TurboTaxes Find Business Code directory.  I tried some number that is not listed, and it worked.  So no idea how to fix it, as all the numbers in adjacent space all didn't work.  Our number is 511120

RobertB4444
Expert Alumni

Turbo Tax for Business business code issue

Please click on the link provided by @Anonymous_ above.  The IRS changes these business codes all the time.  511120 is not on this year's list.  You will have to adjust your business code.

 

@Parklander 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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