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hunterwalk's avatar

people should remember that while QSBS applies at the Federal level, it's not always supported at state level, like California :(

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Alex Wilhelm's avatar

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?

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hunterwalk's avatar

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

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