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Yes, the airdrop of crypto currency is ordinary income and as such it would show up as you describe on schedule 1.
Thank you but space limited my ability to ask the full question. My concern is there is no information on Schedule 1 indicating this is a crypto airdrop, even though I described it as such in the Step-by-step, including name of the company. I'm aware it's ordinary income, but I'm concerned the description is so vague the IRS could flag this and scrutinize it for possible self-employment compensation, which is subject to additional 15.3% tax. I tried overriding the description in Line 8z, but TT says override is not allowed for e-filing. Am I over-worrying this?
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