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    vk012253 Posts: 1, Reputation: 1
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    #1

    Jan 17, 2013, 11:47 AM
    Unclaimed Imputed Income
    What is "unclaimed" imputed income?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 17, 2013, 11:55 AM
    That is income that the IRS believes you should have declared, but did not for personal reasons, usually due to the money being due from a family member.

    Example: You lend your son $100,000 to buy a house, and he pays you back $10,000 per year over ten years with no interest. The IRS finds out about it and "imputes" the interest that you would have collected had you lent that money to a perfect stranger.
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