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Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)
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To: Allan G McCulloch who wrote (3844)11/17/1998 1:11:00 PM
From: jeffry A Decola   of 3967
 
All,

RE: Tax Question,

When a company goes bankrupt, does the write-off have to happen in that year? I am assuming, it's just like selling at $0.00 with no brokerage fee. Is this true?

So, if we knew a company was going belly up this year, and you don't have any capital gains to report, it would be in your best interest to sell some other stock to offset those gains? This is terrible, since people are forced to sell a GOOD performing stock just so they can offset the gains because a retarded company f*&ed you.

Comments?

jeff.
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