Can Private Equity holding Firms be eligable for Internal Revenue Code 1202...

S

Steve L

New member
...Tax breaks? I work for a firm who is considering a leveraged buy-out of a small business in the distribution industry, and we were told about the "Partial Exclusion for gain from certain small buisness stock". In Article (E) Section (3), it says that a Financial Services firm is ineligable. Is a business that is owned by a Private Equity holding firm considered ineligable because of this?

Thanks.
 
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