Originally Posted by MRG
I don't think so. I've only known it to be used on company stock holdings.
I'm betting someone smarter than me will know. If you have a good tax person they'll know for sure.
Regarding the use of NUA for my ESOP, from what I can find on the Internet, I believe I am out of luck there. My company was an S-Corp, which could stretch out the stock repurchase over 5 to ten years. ( they went ahead and repurchased all of my stock upon my retirement). But regardless, they always eventually re-purchase all stock and do not allow distribution of stock outside the ESOP to retirees (turns out SCorps are not required to offer stock distributions for their ESOPs) So I think NUA would not be available.
But thanks for the heads up anyway! Always nice to know ahead of time about something that might be of benefit. Usually I find out too late