Phantom Stock

Report your spouse’s phantom stock and income from phantom stock in Part 5.





Income Type

Income Amount


Widgets Unlimited, vested phantom stock


$15,001 - $50,000

cash payment



Xylophone Technologies Corporation, unvested phantom stock


$15,001 - $50,000


None (or less than $201)

For Your Spouse

Part 5

Reporting Phantom Stock

Report phantom stock if the value of the phantom stock was more than $1,000 at the end of the reporting period or if your spouse received more than $1,000 in income during the reporting period.

Description:  Provide the name of the employer, write “phantom stock,” and indicate whether the phantom stock is vested.  In addition, for a privately held business, describe the line of business, unless you have already provided this information in another entry.

EIF:  Select “N/A.”

Value:  Report the value of the phantom stock by selecting the appropriate category.

Income Type:  Write “cash payment” to describe cash income.

Income Amount:  Select the “None (or less than $201)” category if your spouse has not received any cash income.  Do not complete this field if your spouse has received income because writing “cash payment” in the “Income Type” field is sufficient.

Reporting Stock Acquired through a Phantom Stock Plan

Report any stock that your spouse acquired as a separate line entry, using the standard instructions for stock.