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Two big tax breaks you shouldn’t overlook

Source: cnbc.com - Nov 9, 2018

There are many ways to reduce your tax burden. Two of the more lucrative ones these days are excluding gains from the sale of your primary home or from a stock sale of a business you own and operate.

The IRS permits capital gains from certain business stock sales to be excluded from federal tax. The catch: It only applies to qualified small business stock acquired after Sept. 27, 2010 that is held for more than five years.

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Category: General Business