Phantom Stock

Report your phantom stock and income from phantom stock in Part 2.  In addition, report your participation in a phantom stock plan in Part 3 (see Part 3 of this guide for details).





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 You

Part 2

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 you received more than $200 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.

EIFSelect “N/A.”

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

Income Type:  Write “cash payment” for cash income over $200.

Income Amount:  Provide the exact amount of cash income over $200 during the reporting period.  Otherwise, select the “None (or less than $201)” category.

Reporting Stock Acquired through a Phantom Stock Plan

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