1202 Stock Sale?

January 27, 2023
by an intermediary from California State University, Northridge in Los Angeles, CA, USA
Anyone have experience doing a 1202 stock sale to not trigger capital gains? Recently learned about it and curious if there’s any real life applications someone could share.
Seems like it could be a benefit for the seller as well as a negotiating tactic for the buyer.
from University of Virginia in Metuchen, NJ 08840, USA
from Columbia University in Leesburg, VA, USA