TurboTax specialists are available to provide general customer help and support using the TurboTax product. Qualified stock options are also referred to as "incentive stock options" or "incentive share options. The exercise process itself can take a few different forms. The employee receives a tax benefit upon exercise of a qualified stock option because the individual does not have to pay ordinary income tax on the difference between the strike price and the fair market value of the issued shares. State tax advice is free. Pays for itself TurboTax Self-Employed: The income recognized on exercise is subject to income tax withholding and to employment taxes.
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