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.
If you are selling items at a farmer's market, learn how to file your taxes with H&R Block. From cash income to bartering, these tax tips will help.