2 ms·
I need to say the obligatory THIS IS NOT FINANCIAL ADVICE CONSULT A TAX ACCOUNTANT. Ok so my understanding is you need to exercise your options and wait 5 year
by Dwolb 5y ago
I need to say the obligatory THIS IS NOT FINANCIAL ADVICE CONSULT A TAX ACCOUNTANT.
Ok so my understanding is you need to exercise your options and wait 5 years for QSBS to kick in. After that you can start selling at $0 in capital gains.
Just a heads up though, this tax treatment may get closed soon with upcoming federal legislation. May not apply to shares exercised prior to the legislation being enacted though.
Note: here are some people who talk about QSBS as well https://www.mossadams.com/articles/2021/04/qualified-small-business-stock-tax-benefits https://www.mossadams.com/articles/2021/04/qualified-small-b...
- toomuchtodo 5y agoNo worries, understood, hold harmless and all that jazz. Thank you for the time and the info.
- Dwolb 5y agoYup, good luck.