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While in New York, I made my first angel investment — $25K into a startup I’m seriously bullish on.
Tip for new angels: know your QSBs. Qualified Small Business stock can turn a smart early bet into a tax-free win if you play it right.
Section 1202 of the Internal Revenue Code lets investors exclude up to 100% of capital gains from federal taxes when they sell stock in a Qualified Small Business (QSB), if certain conditions are met.
The network for creativity
Join 1.25M professional creatives like you
Connect with clients, get discovered, and run your business 100% commission-free
Creatives on Contra have earned over $150M and we are just getting started
