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OK...a related question.

Instead of going public, what if the pre-ipo company is aquired? (this is my situation)

I purchased shares in my pre-ipo company (company A) in June of 1998. 9 Months later it is purchased by a publicly traded company (Company B). I receive shares in Company B in place of my shares of Company A.

When did the clock start ticking for me with regards to long-term vs. short-term capital gain?

Is my purchase date when I purchased the shares in the pre-ipo company, or when Company B exchanged their shares for my Company A shares?


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