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8620 North New Braunfels Suite 300, San Antonio, TX 78217
Phone: 210-340-8351
Fax: 210-340-8359
Website: theKFORDgroup.com
Selling small business stock can have significant tax implications, depending on several factors, such as the holding period, the nature of the business, and the type of stock sold.
In certain situations, losses from selling small business stock can be used to offset other capital gains. You can offset up to $3,000 of other income if your losses exceed your gains. Any remaining losses can be carried forward to future years.
Speak with your tax professional when selling small business stock.
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