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Get your taxes done using TurboTax
Following up on the comments from @MarilynG1, assuming the "Q" in your company's QSP means "Qualified," then such plan is likely similar to an Incentive Stock Option plan which is a type of qualified plan. However, depending on your plan type, your QSP could be an ESPP.
ESPPs are plans that allow employees to purchase stock at regular intervals and usually at a discount. ESPPs can be qualified or non-qualified. Qualified ESPPs adhere to IRS 423 Regulations whereas non-qualified ESPPs do not. If the ESPP plan is non-qualified then it probably has more flexibility; however, it does not have the tax benefits of a qualified ESPP.
@AL107
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‎February 1, 2023
7:41 AM