(Early access) QSBS Attestation for individual shareholders
You and our shareholders can now see exactly which securities are eligible for the QSBS tax benefit on Carta. Companies who purchase a QSBS Attestation letter with Carta, can share a personalized version of their QSBS attestation letter with their individual shareholders.
For company administrators
Give your shareholders access to a personalized QSBS statement in their portfolio with one click. Log into Carta.com --> navigate to the QSBS Tax Break page --> click on 'Share QSBS Attestation'.
By selecting ‘Share QSBS attestation’, all individual shareholders will receive an email notifying them that they have a QSBS statement available for download in their portfolio. They will be able to see the statement in their portfolio on Carta.
Sample email that will be sent to individual (or direct) shareholders
For individual shareholders with QSBS eligible securities
When viewing your portfolio on Carta, you will see a banner on top of any company that you hold QSBS eligible securities. If your company has shared the QSBS attestation with you, you will be able to download the statement directly from the main portfolio page.
If you hold securities that may be QSBS eligible - you will also see two new sections on your holdings page:
QSBS Tax Benefit tile that will show you
- Number of shares that are QSBS eligible today
- Number of shares that will be QSBS eligible when the holding period requirement is met
- Maximum tax savings amount based on your cost basis in the securities
- If shared by your company administrator, a link to download and view your personalized QSBS statement.
Table of QSBS eligible securities that shows:
- Security label
- Purchase date
- QSBS Eligibility status
- Link to your personalized QSBS statement if shared by your company
In addition to the new sections in the holdings page, your certificates on Carta will have a new section for QSBS status and the QSBS Attestation.
Personalized QSBS statements
The QSBS statement will show you a personalized snapshot of the QSBS eligible securities you hold as of the download date. The PDF can be used to share with your tax or legal advisors when going through the sale of your shares or discussing your personal situation. The QSBS statement will only be available to individual holders in this release, and not investment firms.
eShares, Inc. DBA Carta, Inc. does not provide tax, accounting, or legal advice. You are advised to consult with your tax, accounting, or legal advisors regarding any financial, tax or legal implications of exercising your options or selling any shares.
Learn more about how Carta can help you with QSBS
If you or your company would like to learn more about how Carta can help you take advantage of the QSBS tax break, or check out our announcement: https://carta.com/blog/introducing-qsbs-attestation/