In Brief: Capital gains
This article was originally published in The Tan Sheet
Executive Summary
Capital gains: Investors may roll over tax-free gain from sale or exchange of small business stock held more than six months when proceeds are used to purchase additional small business stock under a measure included in the House/Senate conference report to the tax bill, HR 2014. A small business is defined as one that has $50 mil. or less in capitalization. Maximum capital gains rates drop from 28% to 20%; the maximum rate of regular tax on the sale of small business stock remains at 14%...