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To: blueplum

How can he pay taxes on rent he didn’t pay?


9 posted on 08/09/2021 10:14:27 PM PDT by \/\/ayne (I regret that I have but one subscription cancellation notice to give to my local newspaper)
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To: \/\/ayne
How can he pay taxes on rent he didn’t pay?

It is imputed income because it is being provided by the employer. The fair market value is taxable income to the employee, subject to W2 reporting and tax withholding and also employer's share of SS and Medicare taxes.

35 posted on 08/10/2021 6:38:48 AM PDT by MD Expat in PA (No. I am not a doctor nor have I ever played one on TV. The MD in my screen name stands for Maryland)
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