On H1 visa. Filed Crypto income as Hobby income on line 21 of 1040 instead of form 8949. Is that ok?
I filed my taxes using turbo tax this year. I read an article on turbo tax forum where they said I can report crypto as a Hobby Income or In Form 8949. I selected the first method of reporting- as a hobby. Turbo tax filled in line 21 on 1040 as "Not for profit hobby income" and added my crypto income there. But lot of people are filing the crypto in Form 8949 along with stock sales. Also since I am on H1B visa will this affect anything? Do I need to refile?