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    gy501's Avatar
    gy501 Posts: 1, Reputation: 1
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    #1

    Mar 8, 2009, 09:32 AM
    Imputed interested
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    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!
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