How are gains from the sell of capital gains on the sell of a small business I owned stock in treated on my taxes? How do I know if it is a qualified small business?
01599
1 Replies
soultax09
Level 5
Dec 8, 2019 5:41:23 PM
You can treat 50%, 60%, 75% or 100% of the gain as tax-free under section 1202 if you held the stock longer than five years and TT does the math. You can find the qualifications at this link