Business Code for Sch C?

[wgoforth]

I am working on my taxes and using Sch C to file for my CHL classes income. What business code are ya'll putting for this?

[CainA]

Page 12(starts)
http://www.irs.gov/pub/irs-pdf/i1040sc.pdf" onclick="window.open(this.href);return false;

can't help you on which one is the best fit though, I didn't look at it that closely. 611000 maybe?

[Zoo]

611000

[wgoforth]

Page 12(starts)
http://www.irs.gov/pub/irs-pdf/i1040sc.pdf" onclick="window.open(this.href);return false;

can't help you on which one is the best fit though, I didn't look at it that closely. 611000 maybe?

Appreciate it, had this too. Was wondering what other instructors are using.

[CainA]

I think that code is for statistics more than anything else. I doubt if you coded it as janitorial and you truly know it wasn't, that it would be a big deal, as in an audit flag or whatever.

[apostate]

I think that code is for statistics more than anything else. I doubt if you coded it as janitorial and you truly know it wasn't, that it would be a big deal, as in an audit flag or whatever.

Probably true, as long as you pick a code for a service business. If you pick a retail or manufacturing code, the discriminant function software may expect a different pattern of income and expenses, and raise a red flag.