In order for a corporation's stock to qualify as a qualified small business stock under § 1202, the corporation must be a C corporation and the gross assets at incorporation must be $20 million or less.

Question

Quizplus · Accepted Answer

The gross assets of the corporation at the time of issuance must be $50 million or less, not $20 million, to qualify as a qualified small business stock under § 1202.

In Order for a Corporation's Stock to Qualify as a Qualified