What is Section 1244 Stock?
1244 stock is referred to as a classification on Investments used when filing a capital loss on personal taxes with the Internal Revenue Service (IRS). Usually, there is a limit of $3,000 US Dollars (USD) on losses that can be counted against personal income. Individuals are able to write off up to $50,000 USD as ordinary loss with a 1244 stock. Strict requirements to qualify as a section 1244 stock For a stock to qualify as a section 1244 stock there are a few strict requirements