To: Snuph
The Dims almost go that one passed here couple years ago. Imputed rent proposed... here? Reference please!
To: Pearls Before Swine
It was in the stimulus bill. They removed it at the last minute. The way it was going to work was like this: If you owed less than 50% of the IRS’s estimated value of your home then the IRS would estimate what you would have made in rent had you not lived in it and you would pay income taxes on the imputed income. Because it is income if you are not paying a full value payment every month ya know.
19 posted on
10/07/2012 6:23:11 PM PDT by
Snuph
("give me Liberty...")
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