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@milleda5 wrote:

...I'm being taxed on the amount in box 5, but it isn't factoring the offsetting negative amount in box 14...


The negative amount in Box 14(H) only offsets the amount in Box 5 if you are subject to the NIIT (net investment income tax) on Form 8960.

 

If you are not subject to the NIIT, Form 8960 is not generated and there is no offset.

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