S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Mark Chavez who wrote (7343)	11/4/1997 8:53:00 PM
From: richard surckla	Read Replies (1) of 14577

Mark, Before many start selling to take a tax loss some accountant should give some insight to this action. If you sell and have a $50,000 loss you can only offset that entire loss with a $50,000 gain. If you have a $50,000 loss and a $25,000 gain then only $25,000 can be offset and the balance of $25,000 loss is carried forward to future year(s). If you have a $50,000 loss and no gains then you can only claim $3,000 for the year with the balance of $47,000 loss being carried forward to future year(s). If you never have any further gains you can only claim $3,000 per year succeding years. This is my limited (and perhaps not accurate) knowledge of this section of the tax code. Will an accountant please confirm and make any corrections. Richard

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