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Technology Stocks : Network Appliance

NTAP 117.53

+0.2%

Dec 8 3:59 PM EST

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To: Mark Fleming who wrote (7486)	4/4/2001 3:10:35 PM
From: Uncle Frank	Read Replies (3) of 10934

>> So, I have 50% of the sector in NTAP and 50% in EMC, along with a nice tax loss of $100K or so I can use against gains. I'm curious about the tax law regarding this loss. If you have no gains to offset the $100K this year, I know you can take a $3K loss and carry the balance forward. Could you use all $97K against 2002 gains, or are you restricted to $3K/yr. from that point onwards? uf

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