Illustration of state decoupling from federal QSBS section 1202 exclusion under OBBBA — Maine and Oregon decoupled, California taxes QSBS gains, state conformity risk for founders
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State Decoupling from QSBS: OBBBA §1202 State Conformity Guide

BySW Accounting admin

Do states follow the federal QSBS exclusion under OBBBA — and why does state conformity matter? Not automatically. The One Big Beautiful Bill Act (OBBBA, Pub. L. No. 119-21) expanded the federal Qualified Small Business Stock (QSBS) exclusion under IRC §1202 — but states set their own conformity. Maine and Oregon have enacted legislation DECOUPLING…

A vibrant, professional illustration for a finance blog post. A founder stands at a crossroads. One path leads to a large bag of money with a huge red tax symbol on it. The other path, labeled 'QSBS: 5-Year Path,' leads to a locked treasure chest overflowing with $10 million in gold, with a green 'TAX-FREE' shield protecting it. The founder is looking at the treasure chest path, holding a key. The style is modern, friendly, and uses green and orange colors.

What is Qualified Small Business Stock (QSBS)? The $10M Tax-Free Secret for Founders

BySW Accounting admin

  Want a $10 Million Tax-Free Startup Exit? This isn’t a fantasy. It’s a little-known U.S. tax code called QSBS, and understanding it could be the most valuable financial decision you ever make as a founder. Have you ever spent years, maybe even a decade, pouring your heart and soul into your startup? You’ve weathered…