Tax
May 25, 2023
Sell stock at a big gain but pay no tax?
If the stock qualifies as qualified small business stock (QSBS), you might pay zero federal tax.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
This sounds like an infomercial. No one likes paying taxes, and if you are thinking about selling stock, you might think that it is inevitable that you’ll pay state and federal taxes on your gain. Sure, if you play your cards right, you might end up with long term capital gain, taxed at a lower rate than ordinary income. But in California, there is no break on tax rates when it comes to paying your state taxes. Ordinary income and capital gain rates in the Golden Sta...
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