LindaS5247
Expert Alumni

Deductions & credits

The principal industry codes are listed in this Instruction for Schedule C's, on pages 18-20. Please click here.

 

You could use code: 999000 for "unclassified".

 

Or this may fit depending on your circumstances:

 

NAICS Code 541613-10 Description (8-Digit)

Customer Loyalty Programs & Service is a subdivision of Marketing Consulting Services that focuses on creating and implementing strategies to retain customers and increase their loyalty to a brand or company. This industry involves analyzing customer behavior and preferences to develop personalized programs that incentivize customers to continue doing business with a company. Customer Loyalty Programs & Service also includes providing exceptional customer service to ensure customer satisfaction and loyalty.

 

Generally, a 1099-MISC with income reported in box 3 or 7 is considered self-employment income as far as the IRS is concerned. But there are some exceptions.

 

To report 1099-MISC (box 3 or box 7) that is not self-employment income:

 

  1. Under the "Wages & Income" tab (or the Personal Income tab) scroll down to "Other Common Income" and select to start or edit Income from form 1099-MISC. 
  2. Select "YES" to indicate you have a 1099-MISC
  3. Enter the 1099-MISC exactly as shown
  4. Select "Continue"
  5. Enter the reason you got this money, such as "Loyalty Rewards" –
  6. Select "Continue"
  7. Select "None of these apply", then 
  8. Select "Continue"
  9. Select "No, it didn’t involve work"
  10. Select "Continue"
  11. Select "No, it didn’t involve an intent to earn money"
  12. Select "Continue"
  13. Select "No", then 
  14. Select "Continue"
  15. Click the DONE button.

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support. 

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