Imputed income refers to the theoretical income attributed to an asset owner from its potential rent or usage. This article provides a comprehensive overview, including historical context, key concepts, mathematical models, importance, applicability, and more.
Imputed income refers to the economic benefit a taxpayer obtains through the performance of their own services or the use of their own property. Generally, imputed income is not subject to income taxes under current tax law.
Imputed value or imputed income refers to a logical or implicit value that is not recorded in any account, such as projected future figures for incomplete data periods or unearned potential returns from cash invested unproductively.
