Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (62130)	4/17/2005 10:12:31 AM
From: Ilaine	Read Replies (1) of 74559

I do have power of attorney and have been going through the records. I discovered some shares of an old company, Aviva Petroleum, which I just turned over for the princely sum of $13 (not $13K, just plain old $13.) But that got him a long term capital loss of about $14K, which is helpful because he bought his house for $100K, sold it for $500K, gets to exclude $250K due to an IRS tax break but that leaves about $250K on which he has to pay tax, unless I can offset it. He's got medical deductions and I am going to donate some things to charity, but stock losses would be most helpful. It's an ill wind that blows nobody good.

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