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I posted this question on the Berkshire Hathaway Board and was referred to this board for a possible answer to my question. Shares of Berkshire class A may be converted by the holder at any time to 30 shares of class B stock.
Does conversion of BRK A to BRK B, constitute a taxable event? Do the different "rights" of the two classes of stock make A & B different stocks, so that conversion amounts to a sale?
One respondent declared that his accountant had treated it like a stock split, so that it did not constitute a taxable event. Is this interpretation correct?
Bob G.
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