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Schedule C is asking Enter a valid 6 digit business activity code between 000001 and 999000, or enter 999999. It sounds like you've already entered some self-employmnet information in TurboTax. To enter your Business Code in TurboTax Online:
The principle business code is a six digit code that corresponds to the type of work you perform. To see a list of codes, please view pages 17-18, in the IRS link: To see a list of codes, please view pages 17-18, in the IRS link:
You could use Principle Business Code 454110. That would be appropriate. Use the following link below, to find the Principle Business Code that most closely represents your primary line of product sole. Click here for a list of Principle Business Codes, found under Line B, page C-3. March 4, 2023 12:26 PM.
However, the best reasonable "fit" for this activity is to categorize the teaching function as part of the broader field of education. If you can agree with that, then Code 611000 (Educational Services) will do just fine.
My schedule C is asking for a principal business code. I didn't do a direct sales business last year so I don't know what to put here. You can find the codes at the link below.
The code on Schedule C is supposed to come from the list in the Schedule C instructions, not from other lists of business classification codes. The IRS instructions for Schedule C say "Enter on line B the six-digit code from the Principal Business or Professional Activity Codes chart at the end of these instructions."
Level 15. I see you started another thread at the link below where you provided a little more info. You said it is maintenance of commercial property for a realtor. The info I provided above was for residential services. I left some info about commercial services (code 236220) in your other thread. See if that is close.
March 16, 2023 10:47 PM. It's not a bug. The IRS changed the list of principal business codes for 2022 tax returns. Codes 454110 and 999999 have been eliminated. TurboTax is using the IRS list for 2022. The updated IRS chart says that an online seller should use the code for retailers of the primary type of product that you sell.
You mentioned above that it is affecting other areas of your return. Can you provide a little more information on the other areas that are being affected as that may help. And is this a new business Schedule C or did your business file a Schedule C in previous years (the Schedule C was transferred in from your 2019 return)?
This information is specifically for 2021 tax returns because the IRS does add or change the business codes from one year to another. 519100 Other information services (including news syndicates & libraries, Internet publishing & broadcasting), or; 512100 Motion picture & video industries (except video rental). Instructions for Schedule C 2021