4 ms·
It’s highly likely he gets to keep all or most of the $3.7M under the Qualified Small Business Stock (QSBS) tax exemption.
by andygcook 6y ago
It’s highly likely he gets to keep all or most of the $3.7M under the Qualified Small Business Stock (QSBS) tax exemption.
- simonebrunozzi 6y agoExactly. He will only pay state tax in Alabama on the capital gain. I think it's in the range of 3% to 4%, but I might be mistaken. For reference, in California it is ~10%.