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Get your taxes done using TurboTax
I am not certain what you are asking here. He performed a rollover in 2019 using Section 1045 rules. Section 1202 rules do not apply with this rollover because he didn't sell the stock. He just repurchased stock and reinvested in another C-Corp.
Could you rephrase that last paragraph because I do not fully understand the question unless you were asking if the rollover was subject to Section 1202 restrictions. If this is the case, it was not.
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March 22, 2024
8:36 AM