Equipment And Business Stock Tax Breaks Expired 12/31/2013

Congress let two significant small business tax breaks expire at the end of 2013. These were: — The 100% exclusion from capital gains of sales of “qualified small business” stock. A 50% exclusion remains, and the rest of the gain gets ordinary capital gains tax treatment. See http://www.martindale.com/investments-law/article_Foley-Hoag-LLP_2041816.htm for details. — Equipment costs of up to…