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June 6, 2019
Question

Box 16 Description-1 has been entered for foreign branch cat deductions related to frgn source income (code L) but not code E income has been entered. What is code E?

  • June 6, 2019
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1 reply

Employee
June 6, 2019

Code E is the income against which the code L deduction is used.  TT wants the amount of code E.