All of the Gain from the Sale of Qualified Small

question 50

True/False

All of the gain from the sale of qualified small business stock, purchased after 9/27/2010 and held more than five years is excluded from tax.

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Definitions:

USB Port

A universal serial bus port, a standard type of connection for interfacing computers with peripheral devices.

Flash Drives

Portable storage devices that use flash memory to store and transfer data between computers via a USB interface.

Plug

A plug is an electrical device allowing electrical equipment to be connected to the main power supply.

Universal Serial Bus (USB)

A standard for cables, connectors, and protocols used for connection, communication, and power supply between computers and devices.