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
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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.
Correct.
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.
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?
Correct.
Thank you.
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