Modernizing Section 1244

QSBS Section 1244 was passed in 1958. It allows for losses from venture investing by taxable individuals to be deducted against ordinary income.

Joe Milam, CEO of AngelSpan, Inc. has been leading efforts to update / modernize the “Impact Incentive” to at least update the levels and limits for changes in the CPI.

Read more on Joe’s efforts here.

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.

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