Hello from Jagdish Grover, California

We have invested certain amount in a LLC who acts as Conduit. This Conduit LLC invests in an Emerging Medical Devise Company. The Medical Devise company issues the Shares to Conduit Co LLC and NOT DIRECTLY to Investor like me.

Question about QSBS:

Under this QSBS, an Investor who invested before 2023, can get EXEMPTION from Federal Income Tax up to $15,000,000 for Long Term Gain.PROVIDED the Shares were purchased DIRECTLY from the Issuing Company.

In my case, I have invested in a Conduit Company LLC and NOT directly in Medical Devise Company.

Do I qualify for this Exemption from IRS under QSBS.

Looking for your advise…..

Regards