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S
Slakes
March 22, 2025
Question

Principal Business Code

  • March 22, 2025
  • 1 reply
  • 0 views

I received a 1099-NEC for payment I received for serving on a metropolitan district board.  What is the Principal Business Code.  

    1 reply

    DawnC
    DawnC
    March 22, 2025

    You can use 999999.   Business codes are used by the IRS to categorize your business for statistical purposes only. The code you enter won't affect the outcome of your tax return.    Use this link if you need instructions on entering it - you'll choose your platform.  

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