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QSBSQualified Small Business Stock
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If you have owned qualified small business stock for more than five years, the percent of gain excluded from income ranges from 50 percent to 100 percent, depending on when the eligible stock was acquired.
Our office can help you decide upon a business structure, weighing the chance that you'll one day be able to take tax-free gains on the sale of qualified small business stock.
IRC Section 1045 permits a taxpayer to defer recognition of gain from the sale of qualified small business stock that the taxpayer has held for more than six months.
The stock acquired by the shareholder will not be considered qualified small business stock if, at any time during a four-year period beginning two years before the issuance of such stock, the corporation purchased any of its stock from the shareholder or from a person related to the shareholder (IRC section 1202[c][3]).
But the basis of any SSBIC common stock is not reduced for purposes of calculating the gain eligible for the 50% exclusion for qualified small business stock provided by IRC Section 1202 (see Q 7641).
The temporary exemption from regular income and alternative minimum tax of capital gains from investments in qualified small business stock presents a significant opportunity for investors who are considering making an investment in a qualifying small business, and who are able to do so before the clock strikes midnight on December 31, 2010.
Reinvesting the Proceeds from the Sale of Qualified Small Business Stock Into Another Qualified Small Business Stock--All non-corporate taxpayers may elect to roll over a gain from the sale of "qualified small business stock" (QSBS) if:
section] 351 and the stock is considered qualified small business stock under I.
30, 1984 $200,000 qualified small business stock Sept.
As the legislation now stands, a noncorporate taxpayer could receive a 50% capital gains exclusion for a direct long-term investment in qualified small business stock.
Now the 100% exclusion on the sale of qualified small business stock (QSBS) is permanent.
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