Tax and legal terms

Section 1045

Section 1045 is a provision that may let you defer eligible gain when QSBS held for more than six months is sold and replacement QSBS is purchased within the 60-day period beginning on the sale date. Special rules apply when a partnership sells the stock.

Example: If you sell QSBS after eight months, you may ask a tax adviser whether a timely replacement purchase qualifies for rollover.

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