July 2022
Federal tax law exempts the sale of certain types of corporate stock from capital gains taxation. Eligibility for Qualified Small Business Stock (QSBS) tax treatment depends on numerous factors, including the size of the corporation and the type of business activities. This is potentially good news for shareholders of businesses that operate in the healthcare industry but do not interact directly with doctors or other medical professionals. The ruling may allow them to take advantage of the QSBS law.