Is the business code for residential renting 531100

is this the correct code for Residential Real Estate?
Your "Lookup a Business" feature results in code 531100, however the IRS gives a different code 531110:
https://www.irs.gov/instructions/i1065/ar03.html

I am tempted to go with the IRS here.

3554

1 Best answer

Intuit Alumni

Jun 4, 2019 3:29:03 PM

The business code referenced in TurboTax is correct for a Schedule C, Profit or Loss from Business (sole proprietorship).

The document you referenced shows business codes for Form 1065 – US Return of Partnership Income.

Choose the correct business code based on the form you are filing.

Intuit Alumni

Jun 4, 2019 3:29:03 PM

The business code referenced in TurboTax is correct for a Schedule C, Profit or Loss from Business (sole proprietorship).

The document you referenced shows business codes for Form 1065 – US Return of Partnership Income.

Choose the correct business code based on the form you are filing.

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Is the business code for residential renting 531100