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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.
March 6, 2023
4:14 PM
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