Sentences with phrase «phantom income from»

Other items create timing differences, such as depreciation differences between the two tax systems, and the phantom income from exercising incentive stock options.

Not exact matches

Investors will also be taxed on inflation adjustments to the principal in the year in which the adjustments occur, even though the principal adjustments would not actually be received from Treasury until maturity (a situation that is sometimes described as taxing «phantom income»).

These funds address the phantom income issue by paying out a monthly distribution that includes both the coupon income coming from the underlying TIPS held in the funds, as well as the principal adjustment for inflation.

This can be especially problematic, since there won't actually be any remaining cash value to pay the tax bill that comes from this «phantom income».

For example, if you and your spouse have a credit card that you both used during the marriage and after the card was settled you received a 1099 from the settling creditor, only you will be responsible for paying the taxes due on that phantom income.

NAR supports an exclusion from taxation of the phantom income generated when all or a portion of a mortgage on a primary residence is forgiven.

It is unreasonable and unfair to require that they also pay tax on the phantom income associated with debt cancellation, especially because there will be no cash proceeds from the sale.

I could also say that your fee - for - service «agent «is also a leech, waiting for you to show up again in order for him / her to boiler plate another offer on another phantom property; if only I could have been able to do that to make a nice income without feeling just a little bit cheap with my expertise and most importantly, my time regarding letting my client in on the negatives of said property as I saw them... from an objective point of view, and not from a subjective, already - emotionally - attached - to - the - property point of view of the buyer, being something like a person falling in love with a piece - of - crap used car because it is a favourite colour.

Without immediate action by Congress on mortgage debt cancellation relief, distressed homeowners will have to pay tax on «phantom income» from forgiven debt.

NAR supports an exclusion from taxation of the «phantom income» generated when all or a portion of a mortgage loan is forgiven.

Some borrowers are expected to decline such an «offer of mortgage debt forgiveness» because of significant tax liability on phantom income — and receiving a 1099 from the lender for the amount of the debt forgiveness.