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Microcap & Penny Stocks : GIFS
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To: Marc T. McCurry who wrote (7236)2/18/1998 12:42:00 PM
From: campe  Read Replies (1) of 8012
 
Marc, I still have some shares (worthless) in my account and was hoping to hold off the tax loss to offset capital gain in 1998. Can I still do this or do I have to take the loss in 1997?

I was confused when you mentioned that the SEC considers them worthless and sold on 12/21/97. Can you elaborate on this point please. How can I take the loss in 1998?

thanks for sharing you tax knowledge with us...
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