phantom income(redirected from Phantom Incomes)
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Taxable income that does not result from cash flow. Examples include zero-coupon bonds, which are taxed as if they had a coupon, and house value increases that result in higher property taxes. See also: Phantom Gain.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Reportable or taxable income that does not generate cash flows to pay the taxes on the income. A disclosure that “taxable income may exceed economic income” is the clue that an investor may receive phantom income.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.