Has § 1202, which relates to qualified small business stock, been widely used since its enactment?
Has § 1202, which relates to qualified small business stock, been widely used since its enactment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Has § 1202, which relates to qualified small business stock, been widely used since its enactment?
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Step 1
Section 1202 dealt with the IRC (Internal Revenue Code) portion which allows the capital gains from the select small business stock to be excluded from the federal tax and it is known as Small business stock gains exclusion.
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