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Exit Planning Tools
- Day Zero Guide
- Aha Planner
Community
- The Grid

A California based company on a mission to grow the wealth of everyday Americans. Zolidar is the easy button for employee ownership.

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👋 Meet Zolid AI

Here to support your company's exit journey — Zolid AI can answer questions and provide insights. Free for now, with fair usage limits.

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Definition of 1042 rollover on The Grid Glossary

1042 rollover

Published on 2024-04-17 | Last edited on 2024-09-09

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Definition

IRC (1986) section 1042 allows an owner of a closely-held C corp to defer or potentially eliminate capital gains taxation on “qualified securities” they sell to an ESOP if the seller reinvests the sale proceeds into “qualified replacement property” (QRP).

Definition

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