Under Section 1202(a)(1) QSBS can be owned by any entity other than a C Corporation. Therefore, a trust, S Corporation, Partnership, or individual can own QSBS. The share gain of the gain received in the sale of QSBS can not exceed the interest that the shareholder, partner, member has in the pass-through entity at the time of the QSBS issuance (Section 1202(g)(3)).
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.