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Error 3514 needs more information on state taxes got rejected but I entered everything federal already got accepted. Can't process electronically due to missing/ invalid
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Get your taxes done using TurboTax
The principal business code is a code that the IRS uses to "classify sole proprietorships by the type of activity they are engaged in"
You would look for a code that most closely fits your self-employment income (1099-MISC income) and enter that. If you can't find a code that fits, you can enter 999999.
Please click here and go to page 17 and 18. Find the category closest to your income and then look at the sub-categories.
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 to the business
· You should see Business Profile toward the top of the screen.
· Select that, then scroll to Business Code