TaxGuyBill
Level 15

@abctax55 wrote:

AND ...  611610 exists in the drop down menu for Lacerte. 

 

I  think Lacerte is wrong.

The instructions don't say to enter a NAICS code.  It says to enter the "Principal Business Activity Code" (which is based on NAICS) and to enter the code "from the list below".

So you need to use a number that is from the list in the Instructions, not from the NAICS website.  And 611610 is not on that list.

https://www.irs.gov/pub/irs-pdf/i1120s.pdf#page=47

 

 

EDIT:  What number shows up on the tax form?  It is possible that Lacerte is set up to enter a NAICS code and then translates it to the proper "Principal Business Activity Code" from the instructions.

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