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A comment on The QSBS Tax Exemption: A Valuable Benefit for Startup Founders and Builders.

Re:The QSBS Tax Exemption: A Valuable Benefit for Startup Fo... by hackitup7 on Thursday August 26, 2021 @09:22PM (#28323249)
Incredibly important to know about for startup founders and early employees.

QSBS is not applicable in California and a few others, and some states only partially conform:

https://www.mossadams.com/articles/2021/04/qualified-small-b....

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Re:The QSBS Tax Exemption: A Valuable Benefit for Startup Fo... by romanhn on Thursday August 26, 2021 @09:33PM (#28323323)
To be clear, this is just for the state tax exclusion. The 20% capital gains exclusion on federal taxes is applicable in all states.
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Re:The QSBS Tax Exemption: A Valuable Benefit for Startup Fo... by hackitup7 on Thursday August 26, 2021 @11:58PM (#28324143)
Correct, should have been more clear on that.
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Re:The QSBS Tax Exemption: A Valuable Benefit for Startup Fo... by omarfarooq on Thursday August 26, 2021 @09:32PM (#28323317)
A map that shows color coded QSBS conformity per U.S. state: https://www.qsbsexpert.com/how-does-my-state-treat-qsbs/
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Re:The QSBS Tax Exemption: A Valuable Benefit for Startup Fo... by JumpCrisscross on Thursday August 26, 2021 @11:59PM (#28324151)
> QSBS is not applicable in California and a few others, and some states only partially conform

I also believe this is based on the state of residence. So a New Yorker working for a Delaware corporation headquartered in California is fine. (California's weird retroactive tax policies make moving to get this benefit tricky, however.)

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