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what does " options" mean here?

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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Accepted Solutions
DawnC
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

what does " options" mean here?

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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5 Replies

what does " options" mean here?

Correct. 

DawnC
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

what does " options" mean here?

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

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

what does " options" mean here?

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?

what does " options" mean here?

Correct. 

what does " options" mean here?

Thank you.

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