How can I change my principal business code on Schedule C on TT Online? The current code is not valid on IRS's classification anymore and I need to change it .

Forum|Forum|6 years ago
June 5, 2019
3 replies
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I'd like to change it to 454110 (Electronic shopping and mail-order houses) but the current view on my screen somehow shows 454111 which is non-existent on IRS's Principal Business or Professional Activity Codes. There is no edit button and I don't know how to correct it.
Thanks.

TurboTax Self Employed Online

mesquitebean

Employee

Here's how to change the principal business activity code.

Open your return, and in the top right click on SEARCH.
Enter Schedule C without quotes and click the blue magnifying glass icon (do not use the dropdown suggestions.)
Click on Jump to Schedule C.
You will arrive at the Summary screen for your business. Click the Review button there to open it back up.
On the Business Review screen scroll down to the section Tax Details.
You will see the business code, with a small blue pencil icon next to it. Click that blue pencil icon to edit.

selininAuthor

Hi, thank you for your quick response. However, on Turbotax Online version, after clicking the Review button on the Summary Screen, and then moving to the Tax Details option there is no edit button (blue pencil) next to the business code. The only edit button is next to it (method of accounting part) There is only question mark next to the Business Code part. Is there any other way to accomplish this? Thanks.

MarianaC1

Employee

Thank you @epo39b for bringing this to our attention. @selinin @intatt @msmucker please read the following information and sign up for updates for when this issue gets resolved:

https://ttlc.intuit.com/replies/7267292

nony

HERE IS THE SOLUTION for changing your Business code while using TURBOTAX ONLINE:

Go to the NACIS website and search for the keywords to your type of business
Once you find your code copy its NAICS Title as it appears on the website
On Turbotax Online while editing Wages and Income in the Self-Employed/Business Section click to edit the General Info >>> Work Description
You'll see the "Tell us the type of self-employment work you do..." in the text box PASTE the NAICS Title that corresponds to your Business Type. Ex. I work in... Other Accounting Services (NACIS CODE 541219)
Click continue and once your back in the Wage and Income overview confirm your code has been updated.

TrentXYZ

Sorry, but this does not work. This problem is STILL happening in March 2023. There is NO edit button for the business code, work description, or work industry. The business code IS important because it is passed through to my state return which is being REJECTED because the generic code of "999000" is invalid.

EDIT: I just deleted the whole Schedule C section and started over. As another detail: the Schedule C was carried over from last year. Maybe that is why certain parts can't be edited?

SForrestLO

Please see this Turbo Tax help article for more information.
What is the Business Code used for?
You can also see the information and diagram listed in this thread.

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