IRS Business Type Code for Search Funds

by a searcher from Carleton College

4 years ago

Hello friends.  Does anyone know the "Principal Business or Professional Activity Code" for a search fund?  I just organized my search fund last year.  It doesn't yet have income, but I'm reporting my expenses in my taxes.  I'm doing my own taxes and looking for the code the IRS accepts for the type of business for a search fund.

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searcher from Carleton College

Thank you, Robert! That's very helpful.

4 years ago | like reply | 0 likes

professional from Walsh College of Accountancy and Business Administration

###-###-#### All other professional, scientific, & technical services might be your best selection. Note that all of your expenses during your search are required to be capitalized as start-up costs under section 195.

4 years ago | like reply | 1 like

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