Which of the Following Statements Best Describes the Tax Benefits

Which of the following statements best describes the tax benefits that arise from the sale of section 1244 stock?

A) Section 1244 allows an individual shareholder to exempt gain from sale of the stock from tax.
B) Section 1244 allows an individual shareholder to deduct all of the loss from sale of the stock as an ordinary loss in the year of the sale.
C) Section 1244 allows an individual shareholder to deduct up to $50,000 of the loss from sale of the stock as an ordinary loss in the year of the sale.
D) Section 1244 allows a corporate shareholder to deduct up to $50,000 of the loss from sale of the stock as an ordinary loss in the year of the sale.