How to treat the loss on tax return, Taxation

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How to treat the loss on tax return

Section 1244 Stock

Response to the following problem:

a. Hale sells 1,000 shares of his Section 1244 stock ("small business corporation" stock) at a loss of $200,000. If Hale and his wife file a joint return, how will this loss be treated on the tax return?

b. If Hale were single, how would he treat the loss on his tax return?

c. How might Hale have better planned for the sale of his Section 1244 stock?

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Taxation: How to treat the loss on tax return

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Taxation: How to treat the loss on tax return

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