imputed interest

Imputed is essentially another word for "inferred or implied". So imputed interest for example in an ninterest expense or income that is used when none, (or an unrealistic one) is claimed. It essentially says, the real interest is in the deal somewhere.

It depends on the type of imputed income.

If it is imputed interest, enter it where all other interest payments go (schedule B).

If it is imputed life insurance income from your employer, that should already be included in box 1 of your W-2 and you should enter it on line 7 of your W-2.

You enter it wherever non-imputed income of the same nature would go.

Interest considered by the IRS for tax purposes to have been paid, even if no interest was actually paid.

When you are able to itemize your deductions using the schedule A of the 1040 tax form and you deduct the mortgage interest to help reduce your income taxes you have a type of imputed income that you have received.