### Question
What is the definition of 10-percent corporate shareholder?


### Answer
The definition of **10-percent corporate shareholder** is as follows in *26 U.S.C. § 1248*:

> any domestic corporation which, as of the day before the exchange referred to in paragraph (1), satisfies the stock ownership requirements of subsection (a)(2) with respect to the foreign corporation

#### Citation:
  - *26 U.S.C. § 1248*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART IV-SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES**

