Capital Gains & Losses

Sale of section 1244 small business stock - fully taxable?

Answer:

For Section 1244 losses, a taxpayer can claim an annual maximum of $50,000, if single, or $100,000 for a married couple. Any loss over this amount is a capital loss.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Capital Gains & Losses Questions

View More Questions