IRC Section 1244

Section 1244 Unlocks Ordinary Loss Treatment for Qualified Small(er) Businesses

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Section 1244 losses from certain small business stock allows an individual or married taxpayer to take a $50k or $100k capital loss, respectively, as an ordinary loss annually.

How are Qualified Small Businesses similar and different between Sections 1202 and 1244?

What is the impact on taxes with and without Section 1244?

How do you report a Section 1244 loss?

This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.

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