Question:

Capital Gain Treatment?

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A fellow shareholder wants to purchase the "voting rights" of my S-Corp stock. I know this does not invalidate my "S" election by creating two types of stock, but do I get to treat the proceeds as Long Term Capital Gain? I have owned the S-Corp for 10 years or so.

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  1. Long term capital gains is held for 12 months plus 1 day.

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