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boosaige
New Member

Why won't it accept my principle business code. It is a valid one 454110.

Trying to fill out a 1099 for Poshmark.
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1 Reply
rjs
Level 15
Level 15

Why won't it accept my principle business code. It is a valid one 454110.

Code 454110 is no longer valid. It was eliminated in 2022. The IRS instructions for Schedule C now say "For nonstore retailers, select the [Principal Business Activity] code by the primary product that your establishment sells." For Poshmark sales I would suggest code 458110, Clothing & clothing accessories retailers.

 

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