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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Malcolm Boyd who wrote (45)11/1/1996 5:24:00 PM
From: Secret_Agent_Man   of 5812
 
Malcolm,
the max loss/yr. is 3000.00 however, if your losses are say 12,000
then you can claim 3k/yr until all is recouped. caveat: only if the following years are also losses..
caveat: if you gain 1Mil then you are taxed on the whole Mil that year
Go figure!
as for the other question don't know.
also, let's say you have gains in 97 of 8k you can still report a loss
of 1k as carry over of xtra 9k you could not claim the first year.
as I understand it.
bg
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