Ordinary Vs. Capital Loss Dependent on type of property involved and type of transaction involved Losses on qualifying Sec. 1244 stock are treated as ordinary rather than capital loss($50,000 limitation or $100, 000 if filing MFJ)Ordinary Vs. Capital Loss • Dependent on type of property involved and type of transaction involved • Losses on qualifying Sec. 1244 stock are treated as ordinary rather than capital loss($50,000 limitation or $100,000 if filing MFJ)