35 Miss. Code R. § 3-08-01-106
Current through June 25, 2024
The entire gain from: (1) the actual sale or exchange of stock of a collapsible corporation, (2) amounts distributed in complete or partial liquidation of a collapsible corporation which are treated as payment in exchange for stock, and (3) a distribution made by a collapsible corporation, which is treated in the same manner as a gain from the sale or exchange of property, shall be considered as gain from the sale or exchange of property and such gain shall be treated as ordinary income.
35 Miss. Code. R. § 3-08-01-106