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Which of the following is a characteristic of Section 1244 stock when sold by a taxpayer filing a joint return? A) Losses on the sale
Which of the following is a characteristic of Section 1244 stock when sold by a taxpayer filing a joint return? A) Losses on the sale are ordinary losses up to $100,000. B) Losses on the sale are capital losses and limited to $3,000. C) Gains on the sale are capital gains up to $100,000 and ordinary thereafter. D) Gains on the sale are ordinary income up to $100,000.
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