IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: mike.com who wrote (3671)	12/18/1998 9:17:00 AM
From: Early Out	Read Replies (1) of 4748

I have a huge loss and I'm just trying to book a gain against it. You are only allowed to subtract $3000 against ordinary income but my loss is much more than my gain on IATV. I have to sell my IATV this year to get the gain and apply it towards my loss. Am I wrong here? I don't think so. That part is right. The part that's wrong is where you plan to buy IATV 1 minute later. There is a thing called a "wash sale" that you need to learn about. I suggest you state your plans on this thread: #Subject-17266 You should get some good suggestions. And since this is very off topic, as has been pointed out, that's the last I'll say on the topic. But please research the wash rules before you do what you stated you are planning to do. -jsc

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