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Incredibly important to know about for startup founders and early employees. QSBS is not applicable in California and a few others, and some states only partia
by hackitup7 5y ago
Incredibly important to know about for startup founders and early employees.
QSBS is not applicable in California and a few others, and some states only partially conform:
https://www.mossadams.com/articles/2021/04/qualified-small-business-stock-tax-benefits#:~:text=The%20good%20news%20is%20that,conform%20to%20federal%20QSBS%20rules https://www.mossadams.com/articles/2021/04/qualified-small-b....
- omarfarooq 5y agoA map that shows color coded QSBS conformity per U.S. state: https://www.qsbsexpert.com/how-does-my-state-treat-qsbs/ https://www.qsbsexpert.com/how-does-my-state-treat-qsbs/
- romanhn 5y agoTo be clear, this is just for the state tax exclusion. The 20% capital gains exclusion on federal taxes is applicable in all states.
- hackitup7 5y agoCorrect, should have been more clear on that.
- JumpCrisscross 5y ago> QSBS is not applicable in California and a few others, and some states only partially conform I also believe this is based on the state of residence. So a New Yorker working for a Delaware corporation headquartered in California is fine. (California's weird retroactive tax policies make moving to get this benefit tricky, however.)
- deleted 5y ago[deleted]