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Schedule C Business Codes: What You Should Know

Schedule C, you must complete the appropriate Code Table (see Table 1) to see the correct code for your entity.  The Code Table (see Table 1) gives you a general list of the business activity codes and their associated tax year definitions. To look up a code for a particular entity, locate the appropriate Code Table entry,  then use the Code Table entry to see the correct code based on the entity you're dealing with. Example: Enter the Code Table entry for “Loan and Mortgage Capital Financing Activities” on page 14 of Schedule C (Form 1040A) (see code table, 135024 for example “LFC”).

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