### Question
How is the term control defined?


### Answer
The term **control** is defined in *26 U.S.C. § 1033* as the following:

> the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock of the corporation

#### Citation:
  - *26 U.S.C. § 1033*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART III-COMMON NONTAXABLE EXCHANGES**

