Effect of disposition of stock by plan on net unrealized appreciation
(1) In general
(1)In general#
For purposes of subsection (e)(4), in the case of any transaction to which this subsection applies, the determination of net unrealized appreciation shall be made without regard to such transaction.
(2)Transaction to which subsection applies#
This subsection shall apply to any transaction in which—
(A) the plan trustee exchanges the plan’s securities of the employer corporation for other such securities, or
(B) the plan trustee disposes of securities of the employer corporation and uses the proceeds of such disposition to acquire securities of the employer corporation within 90 days (or such longer period as the Secretary may prescribe), except that this subparagraph shall not apply to any employee with respect to whom a distribution of money was made during the period after such disposition and before such acquisition.
(2)(A)#
the plan trustee exchanges the plan’s securities of the employer corporation for other such securities, or
(2)(B)#
the plan trustee disposes of securities of the employer corporation and uses the proceeds of such disposition to acquire securities of the employer corporation within 90 days (or such longer period as the Secretary may prescribe), except that this subparagraph shall not apply to any employee with respect to whom a distribution of money was made during the period after such disposition and before such acquisition.