1min snip

My First Million cover image

My $100M Mistake + 6 Company Exit F**k Ups To Avoid

My First Million

NOTE

Understanding QSBS and its benefits for long-term capital gains taxes

Qualified Small Business Stock (QSBS) provides significant tax advantages, particularly regarding long-term capital gains. The benefits include the protection of up to 10 times the invested amount or $10 million from long-term capital gains taxes, conditional on holding the stock for a minimum of five years. Many individuals overlook the importance of QSBS until they are nearing the sale of their investments, which can lead to missed opportunities for substantial tax savings.

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