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.
Tom and James focus their practice on business entity and tax law.