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Topical Terminology > Phantom Income



6 Definitions

Phantom Income

For Phantom Income we have terms and definitions in 6 topics. The topics are Accounting, Accounting Terms, Business, Finance, Financial and Securities.



Phantom Income (Accounting)

Income reported on a TAX BASIS for which no cash or financial benefit is realized.


Phantom Income (Accounting Terms)

Income reported on a TAX BASIS for which no cash or financial benefit is realized.


Phantom Income (Business)

Income that is subject to tax even though the recipient never actually gets control of it, for example, income from a limited partnership.


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Phantom Income (Finance)

Income from a limited partnership that creates taxability without generating cash flow.


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Phantom Income (Financial)

Is a taxable event even though no cash flow was generated during the year other than an accounting accretion which represented interest. Is a taxable event even though no cash flow was generated during the year other than an accounting accretion which represented interest.


Phantom Income (Securities)

In a limited partnership, taxable income that exceeds cash distributions.




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