What stock option sales are considered non-reportable?

Answer Option sales that occur in a trading account are recorded as non-taxable on broker statements. Option activity is not reported on a Form 1099-B, pursuant to federal tax laws and regulations. If a c... Read More »

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Is a stock sale reportable based on trade date or settlement date?

According to the Internal Revenue Service, the sale of a stock is reportable for tax purposes on the day that the stock is sold, not on the trade's settlement Sales and Tra... Read More »

What is a local option sales tax?

In the United States, a local options sales tax (LOST) is a special tax that is levied by your city or county.FunctionThe LOST is used in an attempt to aggregate funds for a specific community proj... Read More »

What is a non-qualified stock option?

A non-qualified stock option, or NSO, is an employee stock option that is easier to set up than the more common incentive stock option, or ISO, but it does not have the tax advantages of an ISO. Ge... Read More »

What is a stock option grant?

Companies use a stock option grant as a way to retain and motivate employees. Upon exercise of the option at a specific below-market price, the profit gained plus ownership of the company stock ser... Read More »