To enter hobby income and expenses:: Sign in to your TurboTax account Click on Federal Taxes ta Choose Wages and Income Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C Click Start to right of Hobby income and expenseKeep in mind that you can not deduct any Hobby expenses that are more than half of any Hobby income.

Question

I mined cryptocurrency as a hobby in 2020. How do I file as a hobby?

Forum|Forum|5 years ago
January 17, 2021
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TurboTax Self Employed Online

T

TomK2023

To enter hobby income and expenses::

Sign in to your TurboTax account
Click on Federal Taxes ta
Choose Wages and Income
Scroll down to Less Common Income and click Start to to right of Miscellaneous Income, 1099-A, 1099-C
Click Start to right of Hobby income and expense