When preparing a Schedule C, Profit or Loss from a Business, you are required to select a Business Code that reflects the type of business you are reporting. A list of business codes can be found by clicking on the button within the Basic Information of the Schedule C.
This section can be found by going to:
- Federal Section
- Income
- Profit or Loss From Business
- Basic Information About Your Business.
If you have more than one business, a separate Schedule C and business code must be created for each one.
What business code should I use for my business?
Please refer to the complete list of Business Codes which can be found on pages 17-18 of the Schedule C.