Originally Posted by
relmor2003
So the IRS reads an ownership change as anyone buying 5 percent of the common of a company. Whether its 5 percent or 40 percent, it doesnt matter.
ok thanks. I get that now. So it went from 100 percent, they merged, it went to 80 percent, and now they must wait 3 years. So after 3 years, does it reset to 100 percent, stay at 80, or would a ownership change after 3 years drop the percentage regarless, just less if you wait 3 years. Meaning if you do it in 1 year, it drops to 23 percent. If you do it after 3 years, it was at 80 percent, but now since you waited 3 years, its only going to drop to lets say...70 percent. Is this right?