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Technology Stocks : JMAR Technologies(JMAR)
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To: Starlight who wrote (4673)12/31/1997 5:00:00 PM
From: Amadeo Mendez-Vigo   of 9695
 
Happy New Year's ...Elizabeth......You can'nt take a paper loss
on stock's, you must sell it at a loss...in order to take a loss..
and the sale must have been done in the calender year you declare the loss....If you sold the higher price stock on Jan 2nd,you
can't take the loss in 1997...you must wait till 1998 tax return
fileing (a hole year)....The stock will not be not be a"wash sale"
as long as you sold it more than 30 day's after the purchase of
the new stock.....I would wait till Feb 5th of 98 befor I would sell
the old one.....IMHO.....Regards ...Amadeo
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