STREAMLOGIC CORP (STLC)- This stock is going to fly! Message Board

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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly!

STLC 42.34

0.0%

Aug 23 5:00 PM EST

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To: Jerry Ciotola who wrote (2719)	3/16/1998 8:09:00 PM
From: Swamy S . Bale	Read Replies (1) of 2840

I just read the publication 526 (charitable deductions). It says deductions should be done on your basis not on fair market value. Please refer to page 8. There is an example about stock which has a FMV of $1000, but your basis is $800(which costs you). You cannot deduct for FMV if there is an appreciation of $200. I believe it is same thing if your stock has tanked. Swamy

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