Ask your certified tax preparer, accountant or CPA.
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This is a question you need to ask an enrolled agent, CPA, or tax attorney. There are many issues here, other than the one you mention. Only a tax advisor fully familiar with your situation can determine your reportable income, your appropriate deductions, and credits for which you may be eligible. Do yourself a BIG favor and consult your tax preparer. That help may be worth more than you pay for it.
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