Employee stock options are options your employer grants you. Two basic types are:
- Qualified (statutory) stock options
- Nonqualified (nonstatutory) stock options
Two groups of qualified stock options — also known as statutory stock options — are:
- Incentive stock options (ISOs)
- Options granted under an employee stock purchase plan
All other employee stock options are nonqualified stock options. These are also known as nonstatutory stock options.
What is the alternative minimum tax, and are you eligible for an exemption? Learn more about AMT rates and get tax answers at H&R Block.
What are at-risk limits, and how can they help you reduce your reported income? Learn more about at-risk rules and get tax answers at H&R Block.
Generally, paying gift tax is not an issue for the person receiving the gift. The giver, however, will generally only file a gift tax return when the gift exceeds the annual gift tax exclusion amount, which is $15,000 per person for 2018. The giver may also not owe gift tax due to their lifetime exemption.
Is an inheritance considered taxable income? Learn more from the tax experts at H&R Block.