JimS_1
Level 3
06-13-2022
11:12 PM
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@Nick D @madeleinerose @George4Tacks
I'm curious if anyone found any solution for this besides what folks have listed above.
One caveat that I found: I believe MA follows the IRC in effect as of 2005, thus there is no 100% exclusion, but there is a 50% exclusion of the QSBS gains (based on Sec 1202 in 2005). That means that 50% of gains are taxable, and then (assuming the transaction meets the additional requirements of MA), the 50% gains are taxed at 3%.
If I'm right about this, I don't think there is a way to do this in Lacerte.
Or maybe I'm completely off??