I bought a house in May 2023. And, I have rented part of the house since then -- what business code (category) do I put down for my small business renting out 2/3 of my primary residence.
You'll need to sign in or create an account to connect with an expert.
The principal business code is a six digit number that represents the field of work you are in. This code is entered on your Schedule C. The complete list of codes can be found on pages 18 to 20 of this IRS document.
For your real estate rental business, you could use code 531100
This code is for statistical purposes only and doesn't affect your tax.
The principal business code is a six digit number that represents the field of work you are in. This code is entered on your Schedule C. The complete list of codes can be found on pages 18 to 20 of this IRS document.
For your real estate rental business, you could use code 531100
This code is for statistical purposes only and doesn't affect your tax.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Stevenham15
Level 1
DIY_Tax_Person
Level 3
bruced63
New Member
J3SS1CA
New Member
pjmuck
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.