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posted Mar 4, 2024 1:06:26 PM

Unable to enter NAICS code 523130 in TurboTax Business Desktop 2023

I'm using a desktop application (downloaded and installed on Windows). When I'm trying to enter 523130 NAICS code for my business, the code is rejected as erroneous. It is a perfectly valid code though: https://www.naics.com/naics-code-description/?code=523130

 

How do I select it nevertheless?

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1 Replies
Level 15
Mar 4, 2024 1:31:20 PM

The IRS does not use the full NIACS list.

 

Credit Intermediation & Related Activities
522100 Depository credit intermediation (including commercial banking, savings institutions, & credit unions)
522200 Nondepository credit intermediation (including sales financing & consumer lending)
522300 Activities related to credit intermediation (including loan brokers) 

Insurance Agents, Brokers, & Related Activities
524210 Insurance agencies & brokerages
524290 Other insurance related activities
Securities, Commodity Contracts, &
Other Financial Investments & Related Activities
523160 Commodity contracts intermediation
523150 Investment banking & securities intermediation
523210 Securities & commodity exchanges
523900 Other financial investment activities (including investment advice)