100% capital gains exclusion: The exclusion of QSBS acquired after Sept. 27, 2010, includes exemptions from AMT and NII tax.3 75% capital gains exclusion: For QSBS acquired from Feb. 18, 2009, to Sept. 27, 2010. However, 7% of the excluded gain is subject to AMT.4 50% capital gai...
100% exclusion Your Capital Gain Exclusion is limited to a maximum of $10,000,000 or 10 times the cost basis, whichever is greater. You can claim the entire $10MM limit in one year, or spread it out over several years. If you’re fortunate enough to have more than one qualified small...
Capital gains exclusion One of the most appealing aspects of QSBS is the ability to exclude a substantial portion of the capital gains from federal taxation. Specifically, the IRS allows an exclusion of100% of the gain up to $10 million, or 10 times the adjusted basis of the stock, whiche...
purposes. Venture Capital (VC) firms are formed under a limited liability partnership (LLP) legal structure, which is a pass-through entity. Therefore, limited partners (investors) in a VC firm will be able to take advantage of the Section 1202 QSBS tax exclusion if the portfolio companies…...
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Because the maximum amount of gain excludible under Section 1202 is the greater of $10 million or 10 times the adjusted basis in the stock, a partnership conversion could result in a high gain exclusion, depending on the value of the partnership at the time of the conversion, except to the...