1) For purposes of electing to roll over gain from the sale of qualified small business stock, all of the following requirements must be met EXCEPT?

A.the qualified small business stock must have been held for more than six months

B.the amount of gain that may be deferred is limited to $50,000 a year

C.another qualified small business stock must be acquired during a 60-day period following the date of the sale

D.only non-corporate taxpayers may make such an election

2) All of the following statements concerning deducting loss from the sale of certain small business stock (1244 stock) are correct EXCEPT:

A.losses on 1244 stock may be deducted against ordinary income

B.there is no limit on the amount of the loss that may be claimed in any one year

C.the loss may be triggered by a sale or exchange of the 1244 stock or by the worthlessness of the stock

D.the ordinary loss may only be claimed by an individual to whom the stock was originally issued