That is one element of it I did not get to look into -- but my understanding is that the Federal exemption would still apply, but you'd still pay norm Cali rates?
exactly. it always struck me as odd that CA didn't respect QSBS but i guess perhaps it's such an important source of revenue for them (from tech) that they need it and feel like it won't make a difference in terms of individual/company behaviors/motivations
people should remember that while QSBS applies at the Federal level, it's not always supported at state level, like California :(
That is one element of it I did not get to look into -- but my understanding is that the Federal exemption would still apply, but you'd still pay norm Cali rates?
exactly. it always struck me as odd that CA didn't respect QSBS but i guess perhaps it's such an important source of revenue for them (from tech) that they need it and feel like it won't make a difference in terms of individual/company behaviors/motivations