Not exactly. The date acquired would be the date you acquired the shares. When the corporation re-purchases your shares, you can use that date as the sale date.
Because you reference a C corporation, how you report these transactions and any gain/loss may change significantly if the redeeming corporation is owned, at least in part, by persons that are related to the seller. In that situation, if the seller's ownership has been completely terminated, such termination is generally treated as a sale. However, if the seller's interest in the redeeming corporation has not been completely terminated, then the corporation's payment to the selling shareholder may be treated as a dividend distribution, and further, the entire distribution amount may be subject to tax without any adjustment based on the seller's basis.
@csommers
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