MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: jhild who wrote (10839)	10/25/1998 7:35:00 PM
From: George C. Grasser	Read Replies (1) of 11684

I know this has been asked awhile back, but does anyone know if we have to sell MTEI in 1998 to be able to write it off as a short term loss for income tax purposes. One CPA told me a letter from the company acknowledging it's worthlessness is good enough. But MTEI still trades, so I assume it's not considered worthless. Was also told, one needs at least $3,000 worth of losses to itemize it against any gains for the year. Thanks in advance to any response. George

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