Section 1202 focuses on exemptions of capital gains from taxes for certain Qualified Small Business Stock, but what if you incur a loss?
Section 1244 may be an even less well known part of the tax code, and allows a taxpayer to deduct certain qualified small business capital losses against ordinary income.
Let’s delve into the details:
QSBS has implications for different stakeholders.
Explore the nuances.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.