MIDL .... A Real Sleeper Message Board

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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Billy Shoemake who wrote (5073)	3/4/1999 6:06:00 PM
From: Binder	Read Replies (1) of 7039

If you got rid of it before the end of the year, and (/or...eek) if you can produce documentation showing that you did, it is an allowable deduction for 1998. The only catch is that had the stock begun trading again at the first of the year, you would have had to have waited 30 days before you could have bought it back. Since that didn't happen, no biggie. Another option for the deduction would be to donate the shares to a charity, claim the loss, and if they ever trade again or better yet become that pie in the sky we had all hoped for, some worthy cause will benefit. I have some information from the IRS regarding how to take the loss on this. Try visiting their website at or PM me if interested and I will be happy to share what I have. :-) Binder

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