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@shpigford - Are you able to exempt your exit from capital gains under the QSBS tax laws? For those curious, more here: https://www.brownadvisory.com/us/qsbs-t
by andygcook 6y ago
@shpigford - Are you able to exempt your exit from capital gains under the QSBS tax laws?
For those curious, more here: https://www.brownadvisory.com/us/qsbs-tax-exemption-valuable-benefit-startup-founders-and-builders https://www.brownadvisory.com/us/qsbs-tax-exemption-valuable...
- czbond 6y agoFounders can, his situation varies. Either QSBS or ideally through 83(b) (where one pays all taxes on company stock at founding in first 30'ish days).
- eli 6y agoYou misunderstand 83b, that’s just about paying the income tax on restricted stock grants up front instead of as it vests. You still would owe gains on the appreciation of the stock. QSBS allows some or all of the gains to be tax free.
- heipei 6y agoI'm assuming he held his shares through his own holding company.
- andygcook 6y agoUpdate: QSBS was applied here: https://twitter.com/Shpigford/status/1326163478529314817 https://twitter.com/Shpigford/status/1326163478529314817