I am very new to Schedule C so I am sorry to ask these many questions. Please tell me if I am out of line.
I am in schedule C and here are some of the questions asked by TurboTax Premier that I am not sure what the right answers are:
1. Describe Your Business: Enter a brief description of your principal business or profession:
I entered Real Estate Sale Person
2. Tell Us About Your Business page. I worked for local real estate company so I am not sure if the following are correct for me to check.
The business is owned by: Should I check my nane?
I use my name as the name of the business
My business address is the same as my home address
I started or acquired the business in 2022:
Date: 04/01/2022
3. Enter Business Information
I am not sure what to enter for this section. I don't have a business name. Should I put the name and address of the Real Estate company that I worked for?
4. Enter Employee ID Number? I don't have one so I assume I will check the No checkbox.
5. Business code: 531210 for Offices of real estate agents and brokers.
6. Which Accounting Method? I assume I will be using the Cash method
