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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Exacctnt who wrote (68067)9/22/1999 3:31:00 PM
From: AurumRabosa  Read Replies (3) | Respond to of 132070
 
Quoting from the Intel Exercising Stock Options Workbook: "Employees who sell, transfer or give away Intel Stock Participation Plan (SPP) shares could pay more taxes then (sic) necessary. When employees part with SPP shares that they've held for less than 2 years - called a disqualifying disposition - Intel is required by federal tax regulations to report his income on employees' W2 forms. However, there may be additional income or loss that employees still need to report on a Schedule D form."

I have a more detailed legal version of this but I'd really have to dig for it. I tried a search at the IRS web site but it didn't jump out at me. I'm sure it's there though.