Thread: Imputed Income
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Old 01-17-2019 | 05:02 PM
  #24  
sailingfun
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Originally Posted by Excargodog
Yes there is. Their free travel is considered a fringe benefit to you. You will wind up taxed for what the IRS is told the value of it is at your marginal rate.

https://www.law.cornell.edu/cfr/text/26/1.61-21
There is a exemption for immediate family including parents.
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