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IRS Tax Map 2008
Current IRS Tax Map

taxmap/pubs/p544-007.htm#en_us_publink100072463

Rollover of Gain 
From Publicly 
Traded Securities(p20)


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You can elect to roll over a capital gain from the sale of publicly traded securities (securities traded on an established securities market) into a specialized small business investment company (SSBIC). If you make this election, the gain from the sale is recognized only to the extent the amount realized is more than the cost of the SSBIC common stock or partnership interest bought during the 60-day period beginning on the date of the sale (and did not previously take into account on an earlier sale of publicly traded securities). You must reduce your basis in the SSBIC stock or partnership interest by the gain not recognized.
The gain that can be rolled over during any tax year is limited. For individuals, the limit is the lesser of the following amounts. For more information, including information on how to report and postpone the gain, see chapter 4 of Publication 550.
For C corporations, the limit is the lesser of the following amounts.