All of the following statements concerning deducting loss from the sale of certain small business stock (1244 stock) are correct EXCEPT:

losses on 1244 stock may be deducted against ordinary income

there is no limit on the amount of the loss that may be claimed in any one year

the loss may be triggered by a sale or exchange of the 1244 stock or by the worthlessness of the stock

the ordinary loss may only be claimed by an individual to whom the stock was originally issued

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