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Microcap & Penny Stocks : CECN
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To: Y-fall who wrote (1001)11/10/1998 3:48:00 PM
From: David Rubin  Read Replies (1) of 1030
 
You can deduct up to $3000 per year in losses. So if your net losses on stocks are $3000, you will have a net tax savings.

Losses in excess of $3000 must be carried over to future years.

Suggestion: get out of those penny stocks and take the tax break. Not only will you save money on taxes, but I guarantee you will actually feel better starting of 1999 with a cleaner portfolio. With the bull market back in full gear, you can find a lot better stocks to put your money into.
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