Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use QSBS to Eliminate Capital Gains Tax
In this episode of The High Net Worth Podcast, Lucas and Luna dive into Qualified Small Business Stock, or QSBS, under Section 1202 of the tax code. They explain how founders and wealthy families can exclude up to $10 million (or 10 times their basis) in capital gains when selling C corporation stock held for at least five years. The discussion covers eligibility requirements, conversion strategies from LLCs to C corps, and how gift-giving can multiply the benefit across family members. A concrete example illustrates the massive tax savings—turning a $50 million exit into a tax-free windfall…
The skinny
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