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Investors & landlords
It depends. When using a business code for your Schedule C, you want to use the one that best describes what you are going to do in your planned activity. 523900 is logical for you based on the current list of financial business codes.
My advise is to go with the IRS instructions and not other avenues of information. There is a reason they have reduced the number of codes in their instruction which tells me they want to simplify possibly.
- Schedule C Instructions (page C-19
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March 26, 2025
3:20 PM
7,782 Views