What is the tax break that is offered by irc


What is the tax break that is offered by IRC 1244?

a. This provision allows losses on the sale of small business stock to receive ordinary loss treatment (subject to limitations.

b. This allows taxpayers to avoid the negative aspects of IRC 1245

c. This provision makes gains from sale of small business stock tax free (subject to limitations)

d. This provision defers recognition of gain on the sale of Sec. 1250 assets.

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