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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.
ā€ˇFebruary 26, 2020
7:20 PM