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Returning Member
posted Jun 1, 2019 2:25:35 PM

What is the difference between business code 54611 verse 54600?

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1 Replies
New Member
Jun 1, 2019 2:25:36 PM

You don't have to have an exact code. It's for informational purposes only.

Code 54600 and 54611 are not valid business codes. 

Business codes are used by the IRS to categorize your business for statistical purposes only. The code you enter will not affect the outcome of your tax return.

When your set up your business in TurboTax, you'll eventually come to the Enter Your Business Code screen.

Select the Lookup Business Codes button, enter some keywords that describe your business (for example, day care, bookkeeping, door-to-door, etc.), and then select Search.

Select the code that most closely resembles your business's activities. If you can't find a code that applies, you can enter 999999.