S Corporation and Section 1244

[scherertax]

I need some information of S Corporation shareholders use of Section 1244 stock upon liquidation. My research online gave conflicting conclusions. Any help with cites would be appreciated.

Thank-you

Jim

[terryats]

Try this link: https://www.law.cornell.edu/uscode/text/26/1244

[TAXNJ]

Also, see The Tax Book 6-9 &18-9 Losses on Small Business Stock (IRC §1244)