So I got an answer from one of my professors, a cardiologist. At the end of the day, for test purposes, fixed splitting is an ASD, as noted above. But for the curious who like to know the why...
"An ASD produces wide, fixed splitting, whereas a VSD produces wide splitting that may also become fixed. Why the difference?
Let's take the case of the ASD first: During inspiration, there is increased venous return to the right atrium, causing P2 to delay its closure even a little longer than with physiologic splitting. Why? Because the right heart also has to handle the blood coming from L to R through the ASD due to the higher pressure on the left atrial side. So P2 is delayed by the venous return plus some left-to right shunting. On expiration, the wide splitting stays "fixed" because though there is not venous return, there is now MORE shunting of blood from left-to-right since the pressure differential between the LA and RA is greater. The increased shunting makes up for the volume of absent venous return, so the pulmonic valve closure is delayed on expiration just as much as when there was venous return on inspiration: hence, wide, fixed splitting.
In the case of the VSD, there is also always going to be wide splitting of S2, for the reason discussed above. However, splitting will not become fixed until the RV pressure rises and thus diminishes (or reverses) the L to R shunt. In the early stages of a VSD, there is a significant shunt of blood from L to R during both inspiration and expiration, and that amount is not appreciably altered during inspiration since the pressure in the RV (even filled with venous return) is still much lower than that of the LV. As the RV pressures rise over time due to chronic volume overload, the RV hypertrophies. When it does, the L to R shunt then diminishes during inspiration (due to elevated RV pressure plus venous return) causing the split to become fixed. In other words, once the shunt diminishes, then RV pressure plus the venous return during inspiration approximates RV pressure occurring during expiration from the shunt, making P2 fixed.
An even easier way to think of it is this: atrial pressures are low, and therefore the shunt in an ASD is greatly influenced by the pressure generated by venous return. In a VSD, the much higher ventricular pressures maintain the shunting throughout the cycle and early on are not appreciably altered by venous return.
Step 1 pearls about FIXED splitting: the case is likely about an ASD, unless the patient has RVH, pulmonary HTN, etc. Then it is likely a VSD, with reversal of shunt. Uncomplicated VSDs have only wide splitting; All ASDs have wide, fixed splitting."