TaxGuided
United States IRC sections

Statute section

IRC section 1202

Partial exclusion for gain from certain small business stock

Country

United States

Section

1202

Updated

2026-05-20

Operative text

Section 1202 allows a non-corporate taxpayer to exclude up to 100 percent of gain on the sale of qualified small business stock held for more than five years, subject to a per-issuer limit equal to the greater of $10 million or 10 times the taxpayer's basis in the stock.

Cross-references

26 U.S.C. 1045

Related citations

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Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.