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February 23, 2025
Question

How can I edit my Business Code on 1040 Schedule C? There is no Edit Button underneath it to change it. Everything I've read on here says you can change it, but I can't

  • February 23, 2025
  • 1 reply
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Many of the replies are from 2022 or 2023 and I believe the information on how to do this has changed (now that it's 2025). Currently, there is a generic 999000 Business code and I want to change it to the correct one.

    1 reply

    February 23, 2025

    If you are using TurboTax Online, you are correct, the business code cannot be edited directly.  You must edit the Work Description field under the General Info section for your business.  As the work description changes and follow-up questions are asked, the business code is updated.  Be aware that the business code is only used for statistical purposes, so there is no real effect on your tax return.

     

    If you are using a desktop version of TurboTax, then the business code can be edited directly under the Business Profile section of the Schedule C.

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