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quick help please! What business code to use for sched c

 

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Subject Author Date
quick help please! What business code to use for sched c Steven C 04-15-2007
Posted by Steven C on April 15, 2007, 1:23 pm
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I am stumped as to what business code to use for the
schedule c. I am filing my wife's taxes as two different
businesses/sources of income, both 1099.

One is timeshare solicitation (the person that tries to get
you to go to a timeshare presenatation, making a comission
from you going into the promotion, but NOT selling the
timeshare itself) and as an entertainer (dancer)

any help is appreciated, and fast as ive not alot of time
left here.

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Posted by Phoebe Roberts, EA on April 16, 2007, 12:28 am
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Steven C wrote:

> One is timeshare solicitation

531390?

> an entertainer (dancer)

713900? 812990?

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<< The foregoing was not intended or written to be used, >>
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Posted by Stuart A. Bronstein on April 16, 2007, 1:04 am
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> Steven C wrote:

>> One is timeshare solicitation

> 531390?

>> an entertainer (dancer)

> 713900? 812990?

What Phoebe is saying is that your wife needs two separate
Schedule C's, one for each business.

Stu

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
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Posted by Seth on April 16, 2007, 1:05 am
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> I am stumped as to what business code to use for the
> schedule c. I am filing my wife's taxes as two different
> businesses/sources of income, both 1099.
>
> One is timeshare solicitation (the person that tries to
> get you to go to a timeshare presenatation, making a
> comission from you going into the promotion, but NOT
> selling the timeshare itself) and as an entertainer
> (dancer)

Wouldn't that be two separate schedules C?

Seth

<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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