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June 6, 2019
Question

What is the principle business code for online sales (eBay)?

  • June 6, 2019
  • 3 replies
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3 replies

Employee
June 6, 2019

You could use either 454110 or 999999.

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January 16, 2022

Hi,

 

I have been doing some software testing on utest. It is mostly testing apps and websites. What business code should I use on Schedule C?

 

Thank you!

January 17, 2022

You can use the generic 999999 or you can use the Look up my business code link under the box where it is asking for the code.  

 

These are the IT codes that are listed in TurboTax when you click on that link. 

 

▾ Communication, IT, Motion Picture, and Sound Recording

511000 - Publishing industries (except internet)
515000 - Broadcasting (except internet)
517000 - Telecommunications & internet service providers
518210 - Data processing, hosting, & related services
519100 - Information services (including news syndicates & libraries, internet publishing & broadcasting)
512100 - Motion picture & video industries (except video rental)
512200 - Sound recording industries

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March 4, 2023

Try 455219 used it successfully on 2022 Tax return (Canada) 

LindaS5247
March 4, 2023

The instruction for Schedule C, state that non-store retailers that sell all types of merchandise using such methods as the internet  should use the PBA associated with their primary line of products sold. 

 

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.

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March 16, 2023

I dont believe 454110 is a valid code, dont think I am seeing it on the publication that was linked..