DianeW777
Expert Alumni

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.

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