Section 1244 Stock

Definition of "Section 1244 Stock"
  1. Shares issued by qualified small corporations that enable owners to claim up to $50,000 in losses, or $100,000 for joint filers, as ordinary losses rather than capital losses under Section 1244 of the Internal Revenue Code
How to use "Section 1244 Stock" in a sentence
  1. Due to the downturn, the couple was able to deduct the loss on their Section 1244 Stock from their income.
  2. He used Section 1244 Stock to protect himself, knowing he could treat a potential loss as an ordinary loss.
  3. In tax preparation, it’s important to note whether any losses come from Section 1244 Stock as the deduction rules are different.

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