Idaho 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
Hawaii modifies the section 1202 100% tax exclusion on capital gains from the sale of QSBS. The state allows the original partial capital gains exclusion of 50%. The guidelines are still the same. Therefore, capital gains on the sale of QSBS will not only be excluded from federal income taxes, … Read More
Florida does not have a state income tax for individuals; therefore, if you receive capital gains in Florida 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
Colorado 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. Learn more about Colorado's Qualified … Read More
Arizona 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 Arizona … Read More
Alaska does not have a state income tax for individuals; therefore, if you receive capital gains in Alaska 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 excluded from … Read More
Alabama does not offer a tax exclusion for investing in QSB stock. Although Alabama does not offer the QSBS tax exclusion, under the Alabama Jobs Act, Act 2015-27 there is a tax credit up to 1.5% annually of a qualified capital investment in a qualifying project. The tax credit … Read More
A holder of QSB stock will lose their Section 1202 capital gain exclusion if the stock is sold under five years unless it is rolled into another QSBS qualifying corporation. If the stock was held for over six months the QSBS seller can elect to take a … Read More
An investor can make a follow-on investment in a section 1202 C Corporation, but the second investment will have a new timeline, which starts on the day of the issuance of the QSB stock. Also, the second investment will still have to follow the same guidelines … Read More
The aggregate gain from sales of QSBS eligible stock issued by any corporation is subject to limits specified in IRC Section 1202(b). Each year that a shareholder sells QSBS, the total gain that may be taken into account for each issuing corporation is limited to the greater of: $10 million … Read More