Small Business stock capital gains breaks

[wanaberetiree]

My company satisfied the corporate requirement necessary to qualify as qualified small business stock as defined in IRS Code 1202(c) and California Code Section 18152.5 Qualified Small Business stock can qualify for favorable tax treatment at the Federal and State level.

I have no clue how it can favorably effect my taxes.

Does anybody has opinion/experience with this particular labyrinth in our tax code?

Thank!

[clifp]

My understanding is there is no capital gains for qualified small business stock after the 2010 stimulus.

I know there are limits and it requires a longer holding period 5 years IIRC.

Fairmark.org is a terrific source of detailed tax information on investment. I'd highly advise checking out the website and posting a question in the forum.