(a)Treatment of certain stock purchases (1)Acquisition by related corporation (other than subsidiary) For purposes of sections 302 and 303, if— (A)one or more persons are in control of each of two corporations, and (B)in return for property, one of the corporations acquires stock in the other corporation from the person (or persons) so in control,then (unless paragraph … Read More
Indiana offers a Venture Capital Investment Tax Credit to bring capital to Qualified Indiana Businesses. The tax credit is worth 20% of the investment with a $1 million cap for investments made after July 1, 2020. The investment can be in the form of equity or debt … Read More
On October 25, 2023, Wisconsin Governor Tony Evers signed Assembly Bill 406 updating Wisconsin to conform to Federal QSBS regulations, retroactive to January 1, 2019. Previously, Wisconsin had followed section 1202, but at a 50% tax exclusion on capital gains from the sale of QSBS, for stock … Read More
West Virginia follows the Section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State … Read More
Virginia follows the section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. More on how Virginia supports entrepreneurship Read More
Vermont follows the Section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State Tax … Read More
South Carolina follows the Section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State … Read More
Rhode Island follows the section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State … Read More
Oregon follows the section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State Tax … Read More
Oklahoma follows the section 1202 100% tax exclusion on capital gains from the sale of QSBS. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, but also state income taxes if all of the guidelines are followed. Federal QSBS Exclusions and State Tax … Read More