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Technology Stocks : WCOM
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To: JDN who wrote (11296)7/14/2002 10:21:56 PM
From: Dennis O'Bell  Read Replies (1) of 11568
 
Yeah, if its worthless its deductible

This would be consistent with my understanding that profits on shares sold short have to be declared if the stock is ever finally declared "essentially worthless". (as opposed to holding the short position indefinitely on shares that are still trading for pennies on the pink sheets....)
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