Tennessee does not have a capital gains state income tax for individuals; therefore, if you receive capital gains in Tennessee 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 … Read More
South Dakota does not have a state income tax for individuals; therefore, if you receive capital gains in South Dakota 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 … Read More
Pennsylvania does not offer any tax credits or exclusions for investments in qualified small businesses. The state of Pennsylvania taxes capital gains at the same rate as regular income which is a flat rate of 3.07%. Federal QSBS Exclusions and State Tax Implications Allowing capital gains tax exclusions for Qualified … Read More
New Hampshire only taxes interest and dividends for state income tax purposes; therefore, the section 1202 capital gains tax exclusion is irrelevant for New Hampshire state income tax. Federal QSBS Exclusions and State Tax Implications Allowing capital gains tax exclusions for Qualified Small Business Stocks (QSBS) encourages investment in … Read More
Nevada does not have a state income tax for individuals; therefore, if you receive capital gains in Nevada 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
Montana 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
Missouri 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 if all of the guidelines are followed. Federal QSBS Exclusions and State Tax … Read More
Mississippi does not offer any tax credits or exclusions for investments in qualified small businesses. Federal QSBS Exclusions and State Tax Implications Allowing capital gains tax exclusions for Qualified Small Business Stocks (QSBS) encourages investment in US small business. QSBS laws help provide capital for these businesses while offering … Read More
Michigan 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
Not sure if the stock you’re invested in is QSBS, learn more about our QSBS Monitoring Platform Effective for tax years beginning on or after January 1, 2022, Massachusetts conforms to Federal QSBS regulations, and therefore capital gains realized after Jan 1, 2022 may be eligible for up … Read More