Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (1497)	11/18/1998 3:31:00 PM
From: Cents	Read Replies (2) of 5810

Colin, the unrealized loss is a total loss. The stock is pennies now. Can I just hold onto it with the possibility of it being worth more someday? I anticipate being in a higher tax bracket in a few years due to double income instead of one. Won't this loss have more of an effect to reduce gross income at that time? My main reason for dumping this stock is to clean out my portfolio and erase any reminder of my experience with bulletin board stocks. It's true what they say about bulletin board stocks....they all sound too good to be true and are very risky!

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