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mretrac
New Member

What is schedule c business code and where do I find it?

 
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MichaelDC
New Member

What is schedule c business code and where do I find it?

A business code is a way for the IRS to classify the type of product or service you provide in your business. You can update your six-digit Business Code by going back to Edit the Business Profile. (See below for a reference of what the Business Codes are.)

While inside the software and working on your return, type Schedule C in the Search at the top of the screen (you may see a magnifying glass there).  There will be a popup that says Jump to Schedule C.  Select that to get to the general area. 

·         Click to Edit next next to the business

·         You should see Business Profile toward the top of the screen.

·         Select that, then scroll to Business Code

Here's a list of all available business codes (also available in the TurboTax interview):

https://www.irs.gov/pub/irs-pdf/i1040sc.pdf   Page 17

Note that if your business can’t be classified, enter 999999 as the principal business code.


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