what does " options" mean here?

Forum|Forum|2 years ago
March 5, 2024
2 replies
0 views

Hello,

I am working on the investment section of my tax return.

I have STOCK sold on my 1099-b.

Can anybody tell me what does "options" here mean?

People told me since the payer is Merrill who issued this 1099-b, it is a bank. I should choose stock( non-employee)

Is that correct?

Thanks

Best answer by DawnC

Yes, you should choose Stock (non-employee) if that is what was sold on your 1099-B; that is the most common. Options are a type of stock that is granted to you by your employer. Employee stock has special handling requirements, so we need you to specify whether your stock is employer-granted or not.

Incentive Stock Options

Bsch4477

Employee

Correct.

DawnCAnswer

Employee

Incentive Stock Options

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

danilolAuthor

I am not sure whether the stock is employer granted or not.

I called turbo tax and asked this question, they told me : look at the 1099-b, who issued it? I said , it is Merrill, it is a bank. Then they told me, I should choose " stock- non employee".

Is that correct?