If I have carried interest in an S corporation, can I avoid the three-year holding period?

Effective for tax years beginning after December 31, 2017, the TCJA imposes a three-year holding period requirement (instead of the former one-year holding period) for “applicable partnership interests” received in connection with the performance of services in “an applicable trade or business” to be taxed as long-term capital gain. These interests are often referred to as “carried interests” or “sweat equity.” The new statute stated that an applicable partnership interest does not include any interest in a partnership directly or indirectly held by a corporation.