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keeley_44
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Should 1244 stock loss result in capital loss carry over? Small business was acquired and common shares are worthless.

 
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Should 1244 stock loss result in capital loss carry over? Small business was acquired and common shares are worthless.

Under section 1244, losses that would otherwise be treated as capital losses are treated as ordinary losses.  The loss is reported on Form 4797.

Tom Young



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