A. Generally, if you own stock in a small corporation that meets the requirements of Sec. 1244 (small business) stock and sell that stock at a loss, the loss is reported as you Ordinary loss on Form 4797 limited to $50,000 for a single individual and limited to $100,000 for those filing a joint return. Ordinary loss on Form 4797 limited to $25,000 for a single individual and limited to $50,000 for those filing a joint return. C. Long-term loss on Schedule D limited to $3,000 D. Short-term loss on Schedule D limited to $3,000. B