QSBS (§1202)

Qualified Small Business Stock (IRC §1202) can let shareholders exclude a large share of their gain from federal tax — but only if a set of conditions all hold, chief among them a five-year holding period. The QSBS page tracks the clock and the tests per holding so you can see how close each one is, without pretending to be your tax advisor.

Only a domestic C corporation can issue QSBS (§1202(c)(1)), so the page appears for C-corps only; for any other entity it explains that §1202 doesn’t apply rather than showing an empty table.

Open the QSBS page

Open QSBS under Compliance & tax in the left-column navigation. It lists one row per outstanding stock holding, each with its five-year clock and the eligibility tests, plus a roll-up eligibility and the estimated exclusion cap (the greater of $10M or 10× basis under §1202(b)(1)).

What it shows

Five-year holding clock — how far each holding is from the more-than-five-year threshold, measured from its acquisition date.
$50M gross-assets test — §1202(d)(1): the stock qualifies only if the company’s aggregate gross assets never exceeded $50M through the issuance. Evaluated against the recorded asset snapshots (below).
Active-business attestation — §1202(c)(2)/(e): whether an admin has attested, for the issuance tax year, that the company used at least 80% of its assets in an active qualified trade or business.
Roll-up eligibility — a single conservative read across the tests, and the estimated gain-exclusion cap.

The inputs it needs

Two admin-entered inputs let the page complete its analysis:

Aggregate gross-asset snapshots — the company’s gross assets at or near each issuance date. The analysis uses the most recent snapshot on or before each holding’s acquisition date; a snapshot can be entered manually or linked to a 409A.
Active-business attestations — a per-tax-year yes/no attestation, settable by an ADMIN only.

When either input is missing, the page shows an “inputs needed” note pointing to what an admin should record.

Conservative “Unknown” handling

The page never fabricates a pass. A holding with no asset snapshot near its issuance date shows Unknown for the $50M test rather than assuming it passed; a holding without an attestation shows Needs attestation. Eligibility also relies on the company’s recorded entity type — an entity taxed as an S corporation but recorded as a C corporation cannot issue QSBS despite what the page would show.