what does " options" mean here?

danilol · ‎March 5, 2024

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

Bsch4477 · ‎March 5, 2024

Correct.

DawnC · ‎March 5, 2024

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

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View solution in original post

danilol · ‎March 6, 2024

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?

Bsch4477 · ‎March 6, 2024

Correct.

danilol · ‎March 7, 2024

Thank you.

what does " options" mean here?

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax

Get your taxes done using TurboTax