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Technology Stocks : IDT *(idtc) following this new issue?*

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To: jacksoo who wrote (4470)4/10/1999 3:38:00 PM
From: Augustus Gloop  Read Replies (1) of 30916
 
Losses offset any gain. Max loss that you can write off is 3,000.

So if you have no gains and $5,000 in losses you can only write off $3,000.00 in one year. The other $2,000.00 carries forward to the next year.

If you have 10,000 in gains and 5,000 in losses your cap gain tax is on $5,000.
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