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Learn Online Stock Trading Forum > Stock Trading Info > Introduce Yourself! > 1244 Stock
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Author Topic: 1244 Stock  (Read 34 times)
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Eugine
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« on: October 29, 2010, 11:30:10 PM »
1244 stock is a classification on investments used when filing a capital loss on personal taxes with the Internal Revenue Service (IRS). Usually, there is a $3,000 US Dollars (USD) limit on losses that can be counted against personal income. With a 1244 stock, individuals can write off up to $50,000 USD as ordinary loss.
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