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Inserting a text box in Microsoft Excel differs from inserting a comment, as comments are contained within cells, while text boxes can be freely moved and resized. To insert a text box, go to the Insert tab and select "Text Box" on the right. This changes the cursor, allowing you to click and drag to create the text box. Once created, you can enter text, such as "This is the sales report for the awesome company." After clicking away, the box becomes non-editable but can be re-edited by clicking on it again. You can also move the text box by changing the cursor to a cross icon when hovering over the top edge. Adjust size if it overlaps other content.