NQSP vs NQSO

Forum|Forum|3 years ago
January 31, 2023
1 reply
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In my 1099-B from Fidelity my company stock sale is listed as NQSP. In turbo tax I can not see that option. The closest one is NQSO. Are these two options the same? If not what option do I choose for NQSP?

Thanks for the help!

TurboTax Premier Online

MarilynG

Level 15

They are the same. Here's more info on Non-Qualified Stock Options.

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AL107Author

Level 3

@MarilynG thanks a lot for clarification. And what would be the TT analogy for QSP, just ESPP?

GeorgeM777

Level 11

Following up on the comments from @MarilynG, assuming the "Q" in your company's QSP means "Qualified," then such plan is likely similar to an Incentive Stock Option plan which is a type of qualified plan. However, depending on your plan type, your QSP could be an ESPP.

ESPPs are plans that allow employees to purchase stock at regular intervals and usually at a discount. ESPPs can be qualified or non-qualified. Qualified ESPPs adhere to IRS 423 Regulations whereas non-qualified ESPPs do not. If the ESPP plan is non-qualified then it probably has more flexibility; however, it does not have the tax benefits of a qualified ESPP.

@AL107

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