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I have been reading about the 50% exclusion of gain on the sale of Qualified Small Business stock. I would like to get some clarification as to the meaning of the non-stock purchase restriction of 1202(c)(1)(B)(i). In particular, does this mean that in all cases, if a company is acquired in an all-stock transaction the restriction of 1202(c)(1)(B)(i) cannot be met by definition or does it depend on the particulars of the transaction?

Is there any information available online about this?

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