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
E)None of the above

Question

Quizplus · Accepted Answer

Voting stock or nonvoting stock does not affect whether or not the stock is considered Section 1244 stock. The other requirements, such as the corporation being a small business corporation, being domestic, and the stock being issued for money or property, must be met.

Which of the Following Is Not a Requirement for the Stock