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Section 1202 Allows for an Exclusion of Up to 50

question 9

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Section 1202 allows for an exclusion of up to 50% of the eligible gain on the sale or exchange of qualified small business stock if held for more than one year.


Definitions:

Intercostal Artery

An artery that runs between the ribs, supplying blood to the chest wall and surrounding muscles.

Brachial Artery

The major blood vessel of the upper arm that supplies blood to the arm and hand.

Axillary Artery

A major blood vessel that carries oxygenated blood to the lateral aspect of the torso, armpit, and upper limb.

Median Cubital Artery

The median cubital artery is a superficial blood vessel in the elbow region that connects the cephalic and basilic veins and is often used for venipuncture.

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