Extension of 100% Exclusion for Gains on Qualified Small Business Stock

By: MBBP's Tax Practice Group Section 1202 of the Internal Revenue Code allows a non-corporate taxpayer who has held “qualified small business stock” (or “QSBS”) for more than five years to exclude a portion of the gain recognized on a sale of the stock. For stock to be QSBS, it must have been acquired upon …

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