Does IPO lock up period affect LTCG?

[Max W]

Client is questioning whether or not the IPO lock up period has any effect on LTCG.

My thought is that the one year period begins on the day client receives stock, whether able to dispose of it or not.  

[JRS]

An IPO lock-up is period of days, typically 90 to 180 days, after an IPO during which time shares cannot be sold by company insiders. Lock-up periods typically apply to insiders such as a company's founders, owners, managers, and employees but may also include early investors such as venture capitalists.

[Lee B]

A Lockup Period is an Investment Marketing Device which is not required by the SEC and has no tax implications.

[Max W]

1 hour ago, cbslee said:

A Lockup Period is an Investment Marketing Device which is not required by the SEC and has no tax implications.

Yes, I agree, just needed confirmation.