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Phantom income

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

 
 

Follow this link for all the terms related to income.

 
 Embedded terms in definition
 Cash flow
Cash
Event
Interest
 
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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Do, or do not. There is no 'try.' - Jedi Master Yoda

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