Updates
June 2016
Recent amendments to the Internal Revenue Code of 1986 (the Code) have significantly expanded the opportunity for tax savings under Section 1202. Section 1202, which was originally added to the Code in 1993, provides relief from federal taxation for investors in small businesses. In particular, Section 1202 allows a portion of gains—or in some cases, all gains—from the sale or exchange of certain Qualified Small Business Stock (QSBS) that has been held by a non-corporate taxpayer for more than five years to be excluded from federal taxation.

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