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Deductions & credits
Yes, i suggested reporting in this manner to account for the taxable and non taxable portions. in your case however, I would use option 3 and just report the taxable amount in this section rather than reporting the taxable and non-taxable amounts and then offsetting the non-taxable amount. Since we are dealing with small amounts, i would suggest keeping this reporting simple.
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‎February 24, 2025
2:56 PM