Did you know it is possible to exclude paying taxes when selling your business if it’s considered Qualified Small Business Stock (QSBS)? If you meet the criteria, this is possible.
General Criteria:
- The business must be a C Corporation
- A qualified trade or business cannot be in fields such as those of health, law, engineering, architecture, accounting, consulting, financial services, etc.
- The maximum amount of gain to exclude is $15,000,000. This amount is adjusted for inflation after 2026
- You must have acquired the stock directly from the corporation
- The holding period is at least 3 years
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