¹Rev. Rul. 69-608, 1969-2 CB 42.

²Regardless of whether the buy-sell agreement is structured as a redemption or cross-purchase, the subsequent taxable sale of the equity interest by the continuing shareholder would produce an equivalent amount of gain or loss. This assumes that corporate funds used for a redemption would cause a corresponding decrease in the value of the stock.

³Rev. Rul. 69-608, note 1 supra.

⁴Id.