CONTRIBUTED BY
Asher Bearman
asher.bearman@dlapiper.com
**UPDATE** The QSBS stock exclusion discussed below has been extended through December 31, 2011. Read more here.
Last month, Congress passed a temporary 100% tax exclusion for gains on Qualified Small Business Stock (“QSBS”) for capital gains and alternative minimum tax (“AMT”) purposes. Although it is now a month old, we’re still getting a lot of questions about it so I think a blog post is in order.
WHO: Investors in startup C corporations.
WHAT: 100% tax exclusion on gains from QSBS.
HOW: Acquire QSBS after September 27, 2010 and before January 1, 2011 and hold the stock for at least 5 years.Continue Reading Qualified Small Business Stock – Tax Alert