32 a,b

What code section allows for an amount invested in a small business to be treated as ordinary loss rather than a capital loss? a. $1442 b. $1310 C. $1244 d. 351 e. $357 When a corporation issues a stock dividend, what tax impact to most shareholders? a. The shareholders must compare the FMV of the shares they got verses their basis in the old shares. b. The shareholders would have to allocate basis to the new shares and then report the gain or loss c. It is determinative how long the shareholder has held the stock d. None