[ANSWERED] 1.Under what circumstances will a loss that is realized on a worth less security not be treated as a

1.Under what circumstances will a loss that is realized on a
worth less security not be treated as a capita l loss?
2.What two general requirements must be met for a transact
ion to result in a capital loss?
3.What requirements must be met for stock to be considered
Sec. 1244 stock?