Thornson Quoted in Forbes on Qualified Small Business Stock
The new tax deal extends the qualified small business stock gain exclusion at 100% permanently. There is still a long list of requirements to qualify for QSBS treatment, but it is a win for founders and early-stage investors because it allows them to avoid paying federal tax on gains up to $10 million or 10 times their tax basis when they sell QSBS after five years of ownership.
“If someone invested $5 million, guess what? They could exclude up to $50 million of gain! That’s a really big number!” Thornson says.
December 21, 2015
Read the entire article here.