Attorneys Tom Nichols and James DeCleene Co-author Article “Investing in Qualified Wisconsin Businesses: A Closer Look” for the State Bar of Wisconsin
President and shareholder Tom Nichols and attorney James DeCleene recently co-authored an article for the State Bar of Wisconsin's Inside Track publication titled "Investing in Qualified Wisconsin Businesses: A Closer Look."
The article examines how investing in a qualified Wisconsin business can provide certain tax benefits to individuals. If the investment is held long enough and all requirements are met, the long-term capital gain could be wholly excluded in determining the individual’s Wisconsin taxable income. Additionally, if the investment closely follows the sale of a capital asset, the gain from that sale could be wholly deferred.
To read the full article on the State Bar of Wisconsin's InsideTrack newsletter, please click here.