Which of the following correctly describes the filing status for a married couple selling Section 1244 stock?

The correct description of the filing status for a married couple selling Section 1244 stock is married filing jointly. Section 1244 stock refers to stock in a small business corporation that allows shareholders to deduct losses on the sale of that stock as ordinary losses rather than capital losses, which can be beneficial in reducing taxable income.

When a married couple sells Section 1244 stock, filing jointly typically allows them to combine their incomes and deductions, providing a potentially lower overall tax liability than if they filed separately. Additionally, special tax benefits and standard deductions may apply more favorably to them when they file jointly. This filing status is generally advantageous for married couples to maximize their tax benefits.

The other filing statuses listed are not applicable in this situation. For instance, married filing separately does not generally provide the same tax benefits, and the single or head of household statuses are not relevant to a married couple. Thus, the married filing jointly status is the most suitable and beneficial option in this context.