All of the following are true regarding the sale of capital assets except: Tax loss harvesting generally provides the greatest benefits when portfolios are made up of volatile, negatively correlated securities. 90% of the gain from the sale of qualified small business ( Sec1202 ) stock is excluded from taxation Realized gains are always recognized $ nless there is an exception in the internal Revenue Code (IRC) A single taxpayer may deduct up to $50,000 ( $100,000MFJ ) of ordinary loss on Section 1244 Small Business Stock