Part 5: General guidance
For Your Spouse
Report an asset related to your spouse’s employment (which includes any non-investment activities and retirement accounts) if the value of the asset was more than $1,000 at the end of the reporting period or if your spouse received more than $200 in income during the reporting period.
In addition, report each source, whether a natural person or an organization or entity, from which your spouse received more than $1,000 in earned income (or $200 in honoraria) during the reporting period. There are additional requirements for honoraria payments, as discussed in the honorarium entry of this guide.
Generally, you would report assets and sources of earned income as follows:
Description: Provide a description sufficient to identify the asset or source of income being reported. The amount of information needed for a sufficient description will depend on the type of asset or source of income being reported.
(1) Stock and other equity in a business: Provide the name of the business. For a privately held business, describe the line of business as well, unless you have already provided this information in another entry. For publicly traded stocks, it is helpful to provide the ticker symbol in addition to the name of the stock.
(2) Other assets with specific names (e.g., bonds and mutual funds): Provide the full name of the asset and, unless clear from the name, describe the type of asset. For publicly traded securities, it is helpful to provide the ticker symbol in addition to the name of the security.
(3) Assets without specific names: Describe the type of asset, including the city and state (or county and state) for real estate.
(4) Sources of earned income: Provide the name of the source and, for privately held companies, the nature of the business. In addition, for honoraria, include the date that the services were provided.
EIF: If you are reporting an investment vehicle that invests in assets of its own, report each underlying asset that was individually worth more than $1,000 at the end of the reporting period or from which more than $200 in income was received during the reporting period. As an exception to this requirement, however, you do not need to report the underlying assets of an investment vehicle that qualifies as an excepted investment fund (EIF). Indicate whether your entry (1) is an investment vehicle that qualifies as an EIF (“Yes”); (2) is an investment vehicle that does not qualify as an EIF (“No”), or (3) is not an investment vehicle at all (“N/A”).
Value: Report the value of an asset by selecting the appropriate category.
Income Type: Specify the type(s) of income unless the asset qualifies as an EIF or the income did not exceed $200.
(1) Income less than $201: Select the “None (or less than $201)” category.
(2) Dividends, capital gains, interest, rent, royalties, or income from excepted investment funds: Select the category that corresponds to the total amount of income received during the reporting period.
(3) Other investment income: Provide the exact amount of income received during the reporting period.
(4) Earned income (other than honoraria): Leave this field blank.
(5) Honorarium: Provide the exact amount of the honorarium.
Assets and Income That Are Not Reportable
- Assets or income from United States Government employment (e.g., salary, FERS, Thrift Savings Plan account).
- Assets that were acquired separately from your spouse’s business, employment, or other income-generating activities (e.g., assets purchased through a brokerage account). Report these assets in Part 6 instead.
- Interests of a spouse living separate and apart with the intention of terminating the marriage or providing for a permanent separation.
- Interests of a former spouse or a spouse from whom you are permanently separated.