Yeah, sometimes you have to make sure..BUT
It had to be an ISO, with a non-qualifying disposition (sale under 12 months holding).
...he said he exercised in 2016.
1) IF it was an NQSO, even if he held the stock, then he would have already received the income statement showing on his 2016 W-2.
2) But he indicated exercised in 2016, sold in 2017, but under 12 months.....with a 2017 W-2 showing the income. A 2017 W-2 would only be issued if it was an ISO.
He also specified situation #3....which matches what he indicated:
<a rel="nofollow" target="_blank" href="
https://turbotax.intuit.com/tax-tips/investments-and-taxes/incentive-stock-options/L4azWgfwy">https:...>
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@TomYoung or is my thinking wrong...
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
