| This article will walk you through the process of | | | | numeric code will automatically get transferred |
| filling out a critical part of Schedule C with | | | | into the appropriate field on Schedule C. |
| TurboTax Home and Business. At the top the | | | | C. Business name. If you have business name |
| Schedule C are eight questions, labeled with the | | | | other than your personal name, input that here. |
| letters A-H. Here's what it takes to complete this | | | | Some Sole Proprietors have a "DBA" or a Doing |
| section. | | | | Business As name that is used on signage and |
| A. Principal business or profession, including product | | | | advertising. Others don't. So if you don't have a |
| or service. Put a brief description of your business | | | | DBA, don't sweat it. You are not required to have |
| or self-employment activity. It doesn't have to be | | | | one for Schedule C reporting purposes, and if |
| long or fancy. Typical examples include: consultant, | | | | that's the case, leave this field blank. |
| retail store, real estate agent, etc. | | | | D. Employer identification number (EIN). Again, you |
| B. Enter principal business code. The IRS has a | | | | may have one or you may not have one. If you |
| chart with numerous business categories and a | | | | have employees, you should have one. But many |
| corresponding 6-digit numeric code. If you've done | | | | self-employed people are flying solo, so it is quite |
| Schedule C before and know what your code is, | | | | common for a Sole Proprietor to not have a EIN. |
| just input that number again. But if this is your | | | | E. Business street address. If you checked the |
| first time, or you're not sure what your code is, | | | | box earlier that says "Check this box if you use |
| click on the QuickZoom button to the right and | | | | your home address as your business address", |
| you'll be taken to a screen that lists all the various | | | | then your home address should already be in this |
| business categories in alphabetical order. Scroll | | | | field. But if you have a separate business address |
| through the list until you find the right one, then | | | | that is different than your home address, input |
| click on the box to the left of the code and the | | | | that here. |