IRS Business Type Code for Search Funds

searcher profile

February 07, 2020

by a searcher from Carleton College in Leesburg, VA, USA

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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commentor profile
Reply by a professional
from Walsh College of Accountancy and Business Administration in Detroit, MI, USA
###-###-#### 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.
commentor profile
Reply by a searcher
from Carleton College in Leesburg, VA, USA
Thank you, Robert! That's very helpful.
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