Pacel (PLRP): If NASA likes them, shouldn't we? Message Board

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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?

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To: Goinlong who wrote (2192)	12/30/1998 11:49:00 PM
From: lakers17	of 3171

Garry........ It's not a $120 capital gains loss it's the money they lost on the shares they bought. If they sold 3,000 shares at .04($120) but paid .60($1,800) for example their write off is $1,680.(I have factored in commissions as well) That is why people sell their big losers in December if they need the write off. You can only write off $3,000 in losses per year(loss after adding your gains and losses and you are in the negative) and the rest of the loss is carried over into the next tax year. Lakers

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