These limitations on the maximum amount of ordinary loss apply whether the loss or losses are sustained on pre-November 1978 stock (as defined in § 1.1244 (c)-1 (a)(1) ), post-November 1978 stock (as defined in § 1.1244 (c)-1 (a)(2) ), or on any combination of pre-November 1978 stock and post-November 1978 stock. The limitation referred to in (ii) applies to a joint return whether the loss or losses are sustained by one or both spouses.
The limitation referred to in (ii) applies to a joint return whether the loss or losses are sustained by one or both spouses.
To the extent this sum does not exceed $50,000, or, if a husband and wife file a joint return under section 6013 for the taxable year, $100,000.
26 C.F.R. §1.1244(b)-1