LL Knickerbocker(KNIC)/Pure Energy Corp Message Board

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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp

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To: Gary who wrote (631)	9/2/1997 12:55:00 PM
From: Eric J. Beyer	of 1028

Dear Gary...RE: My tax question post #630...The reason I was thinking of selling shares of KNIC I have that I have a profit in as opposed to ones that I have a loss in, is because if KNIC stays stuck in a trading range I was thinking of day trading it/short terming. If I sell the shares that I bought at a higher price and want to stay active in day trading KNIC, I would have a wash sale if I bought back in at a lower price within 30 days. I already have some loss carry-over for taxes and the limit is still 3K max. per year loss carryover if the tax laws are still similar to what they were a year or so ago. Thanks for your help. Eric

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