A rare opportunity to Invest and to receive 100% exclusion on your capital gain. Ends Jan. 1, 2012.
Sect. 2011: Temporary exclusion of 100% of gain on certain small business stock
Expanding on the provisions of Internal Revenue Code Section 1202 and the American Recovery and Reinvestment Act, the Small Business Jobs Act provides an added incentive for investment in qualified small businesses. Under this Act, investors in qualified small business stock can exclude up to 100% of the capital gain upon sale of the stock.
Under the SBJA, to claim the capital gain exclusion, the qualified small business stock must be:
- Acquired after September 27, 2010, and before Jan 1, 2011, and
- Held for at least five years before the stock is sold.
However, Section 760, Temporary Exclusion of 100% of Gain on Certain Small Business Stock, of the Tax Relief Act of 2010, extended the exclusion for qualified small business stock acquired before January 1, 2012.
Under current law, the earliest tax year for which this 100% capital gain exclusion can be claimed is 2015. Additional limitations, qualifications and requirements may apply. Capital Gains and Losses has information on reporting capital gains.
Keep About2Buy in mind as you advantage this superb opportunity.