03-14-2024 03:30 PM
I just started filling out my tax forms for 2023 and noticed that business code 454110 is gone.
So what code did you fill in on Schedule C, Line B as an eBay seller?
03-14-2024 03:55 PM
maybe 459510 - General used merchandise would be a good fit for many people....
03-14-2024 04:12 PM
Seems like a question that you'd want answered by a tax professional.
03-14-2024 05:54 PM
I would go with this one:
455000 - General merchandise retailers
Or you could pick one that is closer to your primary categories if you are a specialist.
The reality is that it really doesn't matter that much especially if you can pick one of the choices that is at least somewhat close.
If you need it there is a chart at the bottom of this pdf that lists all the options.
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf