What is the business code for a professional training business?

[sagerhome]

We are self employed providers of professional training.  What is the IRS business code for us?

[MinhT · Accepted solution]

The principal business code is a six digit number  that represents the field of work you are in. This code is entered on your Schedule C. The complete list of codes can be found on  pages 17-18 of the?link below:

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

This code is for statistical purposes only and does not affect your tax. If you do not find a code corresponding to your activity, you can enter 999999.

[sagerhome]

Your answer is not helpful.  I have already looked at the list of codes on pages 17-18.  This is the only relevant information I could find "611000 Educational services (including schools, colleges, & universities)".  Is there any more specific code or is this the appropriate code for the business I described?

[MinhT]

The list provided by the IRS cannot describe all activities. I would suggest 541990 - All other professional, scientific,
& technical services

[sagerhome]

I apologize if my last reply sounded snarky.  I am taking this classification more seriously due to the Qualified Business Income deduction.  I am not sure which, 611000 or 541990, would be more appropriate (and more safe for the deduction)?  I could find reasons for either classification.

[MinhT]

Both codes could qualify you for the QBI deduction.

[sagerhome]

Thanks.  Good to know.