Business & farm


@Wfjdi0r wrote:

So if that what was done here, then it is taxable? Why is the same amount shown as a negative number on line 14 with a code 4?


It should not be a code "4", it is most likely a code "H" and that is a negative adjustment on Form 8960 which is a good thing (although it only comes into play at higher income levels).

 

Regarding the figure in Box 5, that amount is taxable.