Which of the following is not a requirement for the stock of a corporation to be considered Section 1244 stock?
A)The stock must be voting stock
B)The corporation must qualify as a small business corporation
C)The corporation must be a domestic corporation
D)The stock must be issued for money or property

Question

Quizplus · Accepted Answer

Section 1244 of the Internal Revenue Code does not require the stock to be voting stock to qualify as Section 1244 stock. The key requirements include the corporation being a domestic small business corporation and the stock being issued for money or property, among other criteria.

Which of the Following Is Not a Requirement for the Stock