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explain pls


3. Which of the following is true of Section 1202 qualified small business stock (QSBS)? a. The stock must be held for more t
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Answer #1

Solution to 3

The correct answer is option (B).

  1. This is wrong because it must be held for not less than 5 Years not 2 years
  2. This is correct because as per the latest amendment to Section 1202, 100% exclusion of gain is provided.
  3. Incorrect. Because it has to be domestic but other than a hotel, restaurant, financial institution, real estate company, farm, mining company, or business relating to law, engineering, or architecture
  4. Incorrect, Must be issued for Money or property but not services.

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