Log in

View Full Version : Imputed interested


gy501
Mar 8, 2009, 09:32 AM
Imputed interest is reported on W-2 by employer but can is there a limitation on the imputed interest as a tax deduction regardless of how the loan was used by the employee?

AtlantaTaxExpert
Apr 30, 2009, 12:40 PM
Tell me, how can imputed on your W-2 (which is reported as income) be a deduction?

In short, it CANNOT!