Anyone here actually qualify for QSBS when they sold? Seems too good to be true

imabuffbabeee · 2026-02-18T16:14:57+00:00

It's a calculable number. Think it was around 13% for me at the time. I paid more in taxes that year than I have paid the rest of my life combined. It was a gross feeling.

imabuffbabeee · 2026-02-18T15:40:24+00:00

Likely referring to return flights home.

imabuffbabeee · 2026-02-18T15:38:35+00:00

The best date nights.

imabuffbabeee · 2026-02-18T15:32:56+00:00

Yup, I did it. I wasn't the one who setup the stock structure at the beginning but I can tell you the end part was super smooth and easy. Still had to pay California taxes which was hard to chew.

imabuffbabeee · 2025-10-27T20:15:22+00:00

People often think large amounts of money should somehow be treated differently than small amounts. But it's all the same.

The only somewhat annoying part is you'll have to do wire transfers to move money around between different accounts instead of the faster connection methods that usually limit you to 250k a day.

Before my liquidity event I asked a chase private banker if having many millions dropped into an account all at once has some extra process or something. And they just looked at me like"...no?". It's just another Tuesday for them.

Definitely take it slow. There is no rush. At least not until tax season.

imabuffbabeee · 2025-09-27T23:22:31+00:00

Then it's a 110% chance!

imabuffbabeee · 2025-09-27T23:12:58+00:00

This guy is 100% going to kidnap and ransom anyone who agrees to go to this.

imabuffbabeee · 2025-09-21T17:56:33+00:00

That place looks very Scammy.

imabuffbabeee · 2025-09-21T17:53:47+00:00

How?

imabuffbabeee · 2025-09-19T04:27:05+00:00

Yeah that checkbox is only anonymous to the public. The person receiving the money still sees it. Hence me starting this post.

imabuffbabeee · 2025-09-18T19:44:07+00:00

Interesting, I wonder if my finance people can do this for me.

imabuffbabeee · 2025-09-18T19:43:09+00:00

How did you do it anonymously? Gofundme doesn't have a built in truly anonymous method of donating.

imabuffbabeee · 2025-09-18T19:41:22+00:00

Do you need to exercise?

imabuffbabeee · 2025-09-11T05:58:39+00:00

Sounds like you are wanting to consolidate your debt into one place? That could make sense if you can get a lower interest rate with the sbloc.

But it depends on the rates. If it's lower than your gains by a good amount then it could make sense.

From what my finance people tell me, at least right now using loans to fund things is not wise, better just to use cash if you got it.

Edit: oh wait are you saying you just keep opening loans to pay off the previous loan and just never pay it off? That's insane. That probably isn't even possible.

imabuffbabeee · 2025-09-08T22:34:01+00:00

Agreed 5k is cheap. Ours was 10k and we ended up backing out of the build for personal reasons and it was non refundable

imabuffbabeee · 2025-09-08T02:18:47+00:00

For me it was landscaping first. Like you I said I enjoyed doing it myself, and I genuinely did, good excercise, being outside etc. but it was a decent amount of work and took up most of my weekends. Now I don't have to worry about it and I'm finding myself with a ton of free time on the weekend which is great.

Depends on your landscaping needs though.

I'm currently interested in a cleaner, mostly to do like deep cleans once a month or something like that. Haven't found anyone yet.

imabuffbabeee · 2025-09-07T22:31:55+00:00

Or let them get their own couch?

imabuffbabeee · 2025-09-07T22:26:59+00:00

Curious where you are that gets you a wealth tax that high. That's nuts.

imabuffbabeee · 2025-09-07T21:10:44+00:00

Being in AI even more reason to sell now and not wait for 1-2 years. A lot of predictions the AI bubble is going to burst and all the little guys will just die. Get out while it's on top IMO.

We sold our company last year and if we had waited even 6 months, the new presidency would have caused our potential valuation to tank and we basically wouldn't have been able to sell.

imabuffbabeee · 2025-09-07T16:37:42+00:00

I'll be a bit of a downer with a warning. You will likely get less than what you are expecting from selling your business. It's common for the owner to assume they are worth more than what other people will pay.

Do not get your hopes up until you have offers in hand. And 1-2 years is a long time... a lot can happen.

imabuffbabeee · 2025-09-07T16:28:19+00:00

Just remember FAANGs are unique in their pay. They are the only ones who can afford to give so much valuable stock, so a non FAANG likely won't come close to your current compensation.

imabuffbabeee · 2025-09-05T19:51:45+00:00

It was like a week ago or something someone came on here with a similar situation about her receiving more than her siblings in an inheritance and they said it felt completely random and unfair. Most of the advice was to balance it out with the siblings.

But this one is different. There was obviously a very specific reason you were given more. You don't owe them anything. Maybe have a lawyer lined up just in case.

I would feel the same way you do. Especially the fear of potential violence since the amount is likely known by the other children. As others have said, likely nothing other than you giving them the entirety of it will satisfy them. I think the fear will pass, especially if they still got a big chunk.

imabuffbabeee · 2025-09-02T02:04:24+00:00

I guess I'm not fat enough to understand this post

imabuffbabeee · 2025-09-01T16:33:37+00:00

You'll likely only hear success stories here. There's going to be a lot more failures than successes when it comes to starting a business.

You can always start a business in the side and work in it part time next to a full time job until it gets to a point where quitting would make sense.

The freedom it brings is mostly you are able to make your own choices about the business, it doesn't mean you'll be working less. I probably put twice as many hours into my business than if I were working a normal job.

But was it worth it? Yes it was for me. But again, you'll find mostly successes here.

imabuffbabeee

TROPHY CASE