The "work description" you provide for your business determines its business code. TurboTax automatically assigns this code based on your description, and the IRS uses it to determine your SSTB (Specified Service Trade or Business) status.
Here’s how to change your business "work description" in TurboTax:
- Open or continue your tax return.
- Go to the Schedule C section:
- TurboTax Online/Mobile: Go to Schedule C.
- TurboTax Desktop: Search for Schedule C and click the "Jump to" link.
- Answer any business questions until you reach the "Your self-employed work summary" screen.
- Select "Edit" or "Review" next to your business.
- On the "Here’s your business info" screen, scroll down to the "Business summary" section.
- Click "Edit" next to "Your business info" and change the "work description" of your business. This will automatically update the business code.
