The § 1202 Exclusion of Gain Is Available on Disposition

question 148

True/False

The § 1202 exclusion of gain is available on disposition of S corporation stock.

---

Definitions:

Revenue Recognition

Revenue Recognition is the accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

Estimated Costs

Costs that are predicted or forecasted based on current information and experience, used for budgeting and planning purposes.

Installment Contract

A contract that requires payments to be made in regular intervals over a period in exchange for goods or services.