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I do dropshipping via shopify stores what would be buisness type?

 
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3 Replies
DawnC
Expert Alumni

I do dropshipping via shopify stores what would be buisness type?

Probably a sole proprietor.   These are owned by one person—you don't have any partners.  If you are a sole proprietor, your business income and expenses should be reported on Schedule C of your personal return (Form 1040).  If you run the business as an LLC and you are the sole owner, the IRS also considers you to be a sole proprietor that also uses Schedule C.

 

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I do dropshipping via shopify stores what would be buisness type?

sorry I meant what would be the business type in terms of activity i.e. which one do I select

SharonD007
Expert Alumni

I do dropshipping via shopify stores what would be buisness type?

If you are referring to the business activity code, refer to the IRS instructions 2024 Instructions for Schedule C. Look on page 3, line B for specific instructions to find your business code for nonstores.

 

Review the TurboTax articles Reporting Self-Employment Business Income and Deductions for more information on business deductions.  For additional information, review What self-employed expenses can I deduct? and How do I report income from self-employment? 

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