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A few states, including California, don't recognize the perk; the home of Silicon Valley levies a 13.3% state income tax when QSBS shares are sold. Still, there are no federal taxes due on those California sales, making QSBS one of the most lucrative tax loopholes around. You have to acquire your QSBS stock when it was originally issued and hold on to it for at least five years before selling — unless you swap it out after six months for qualifying stock in another startup.
Tax planners call the use of trusts with QSBS "stacking," or multiplying the tax benefit so that more than one person gets it. While estate planners say it's most commonly used for children, founders can also use it for a spouse or other family members. Stacking depends upon using irrevocable trusts, for which the donor gives up control.
Oh look another loophole to close. Thanks Business Insider for alerting everyone
thanks I will keep this is mind
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