Report a cash severance payment that your spouse received in Part 5.

For Your Spouse

Part 5

If you already have reported your spouse’s employment, you do not need to report a cash severance payment that your spouse received.  However, if your spouse’s employment terminated outside the reporting period, you may not have already reported your spouse’s employment.  In that case, report the source of a cash severance payment of more than $1,000 that your spouse received during the reporting period.

Description:  Provide the name of the source.  In addition, if the source is a privately held business, provide the source’s line of business.

EIF:  Select “N/A.”

Income Type:  Describe the type of income as “severance.”