What is QSBS? The Tax Benefit that Can Save You Millions
It's a new year! Time to hit the gym, start working on your resolutions and ... get smart for tax season!
GoodFin members, we're excited to share expert advice from CapGains Founder Jonathan Fish (ex-Deloitte, PwC).
We will cover:
The basics of QSBS, which allows for up to $10M of capital gains to be excluded from federal income tax for qualifying startup investments (and that doesn't include potential additional "stacking" of the benefit!)
Key nuances relating to QSBS, including how a founder secondary during a fundraise might impact the status
Certain benefits for investments that are written down to zero
Rollover benefits and how time earned in one investment can be ported over to another qualifying investment
How secondary fund transactions may also generate QSBS gains if the securities meet the QSBS criteria
How QSBS can make a company more attractive and valuable in a potential sale or acquisition