itonewbie
Level 15

If there's indeed an employee loan, there could be tax implications.  Many a time, employers  (even large MNCs) are not be aware of the applicable tax provisions and may not, therefore, have structured such loans accordingly and/or done the reporting correctly.  Even if it turns out not to be relevant for the current year, it may not something that should go into your carryover notes.

As Anna says, you can't assume when it comes to taxes.  Every number and notation is there for a reason.  Every one of those must be understood and rationalized to either report or omit on the return.

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Still an AllStar