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My reading is that one needs only to purchase the stock before Jan 1, 2011 and then hold it for at least five years. Gains from sale of the stock after that wou
by jbl 16y ago
My reading is that one needs only to purchase the stock before Jan 1, 2011 and then hold it for at least five years. Gains from sale of the stock after that would then be taxed according to this new bill.
- ojbyrne 16y agoAh, I guess it could be read that way: "which includes a temporary exclusion for 100% of the gain recognized by non-corporate investors from the sale of qualified small business stock (“QSBS”) acquired after September 27, 2010 and before January 1, 2011" so the dates apply to "acquired" rather than "recognized." It's pretty ambiguously worded.
- shasta 16y agoI find it almost impossible to read the sentence your way because you'd have to split the phrase "acquired after September..."