Internal Revenue Code Section 1202, which allows exclusions of certain gains on dispositions of qualifying stock, can offer huge tax benefits. Exclusions of gain can amount to hundreds of millions of dollars, and the exclusion can be “multiplied” by the creation of trusts and other entities that hold qualifying stock. This article provides an explanation of the rules for qualification, and then discusses how to maximize the tax benefits.
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This article is featured in the March 2024 issue of OC Lawyer.
