Hal_Al
Level 15

Get your taxes done using TurboTax

Q. Do you see any issues doing it this way? 

A.  Simple answer: No. since the tax doesn't change.  

 

It may even be an improvement, as $5000 will go on line 8r of Schedule 1, matching the two $5000 (+ & -) entries on line 8z.  Although you were only required to report $2425, as taxable, you can report more.