Not sure if the stock you’re invested in is QSBS, learn more about our QSBS Monitoring Platform Illinois 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 … Read More
Georgia 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. Also, The state of Georgia … Read More
Delaware 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. Also, The state of Delaware … Read More
Connecticut 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. What types of QSBS type innovations … Read More
Arkansas follows 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. The state of Arkansas also offers an Equity Investment Tax Credit to encourage … Read More
Puerto Rico does not offer any tax credits or exclusions for investments in qualified small businesses. However, the tax incentive, Act 60, acts as I.R.C. Section 1202 for investors. Act 60 has several benefits, one of them allowing Puerto Rico residents to pay 0% on capital gains … Read More
Wyoming does not have a state income tax for individuals; therefore, if you receive capital gains in Wyoming there is no tax regardless if Section 1202 100% tax exclusion on capital gains from the sale of QSBS applies. Capital gains on the sale of QSBS will not only be … Read More
Washington does not have a state income tax for individuals, however the state imposed a capital gains tax for gains above $250,000 realized after January 1, 2022, however this capital gains tax does not include gains subject to QSBS treatment. Federal QSBS Exclusions and State Tax Implications Allowing capital … Read More
Utah 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
Texas does not have a state income tax for individuals; therefore, if you receive capital gains in Texas there is no tax regardless if Section 1202 100% tax exclusion on capital gains from the sale of QSBS applies. Capital gains on the sale of QSBS will not only be … Read More