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February 7, 2025
Question

Why won't it accept my principle business code. It is a valid one 454110.

  • February 7, 2025
  • 1 reply
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Trying to fill out a 1099 for Poshmark.

    1 reply

    rjs
    Employee
    February 7, 2025

    Code 454110 is no longer valid. It was eliminated in 2022. The IRS instructions for Schedule C now say "For nonstore retailers, select the [Principal Business Activity] code by the primary product that your establishment sells." For Poshmark sales I would suggest code 458110, Clothing & clothing accessories retailers.