Are my gains Section 1202 (“QSBS”) or Section 1045 gains?

If your gains qualify as Section 1202 and Section 1045 gains, they will be separately disclosed on your K-1.

 

Because 1045 exists require reinvestment within 60 days of the exit to utilize the tax benefit, we will include information about any exits that are 1045 eligible with the distribution announcement. 

 

These 1045 and QSBS assertions require the portfolio company to provide certain confirmations. Our disclosures will rely on information received from the companies. If the companies do not provide these confirmations, the exits will not be reported as 1202 or 1045 eligible exits.

 

AngelList and its affiliates are not tax advisors and do not provide tax advice. All decisions regarding the tax implications of your investments should be made in consultation with your independent tax advisor.

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