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Section 1202’s Gain Exclusion for Qualified Small Business Stock—Yes, It’s Still Relevant  


Author:  David H.  Benz.; Lisa Donn  Sergi.


Source: Volume 29, Number 01, September/October 2015 , pp.23-32(10)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Section 1202 of the Internal Revenue Code provides a partial exclusion for gain resulting from the sale of qualified small business stock (QSBS). Recent legislative activity and administrative guidance arguably have made Section 1202 even more attractive. This article reviews the requirements for exclusion with a focus on Section 1202’s nuances affecting QSBS held by investment funds. Copyright © 2015 Deloitte Development LLC. All rights reserved.

Keywords: qualified small business, qualified small business stock, IRC Sec. 1202, gain exclusion, per-issuer limitation, PLR 201436001

Affiliations:  1: Deloitte Tax LLP; 2: Deloitte Tax LLP.

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