Leah Industries, Inc. (OTC-BB-LEAH) Message Board

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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH)

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To: Beermeister who wrote ()	5/7/1999 4:21:00 PM
From: Kelton	Read Replies (1) of 2153

Anybody hear anything from Leah lately? I feel so euphoric over my gains with another stock today (75% gains for me so far). All my potential losses with LEAH might just be good for a tax write-off against all these capital gains. Anybody care to help me out with a question about taxes? I understand that the IRS allows only $2000 in straight losses on a stock for individuals. Is this correct? I'm not talking about anything with basis, but actual write- offs. If so, can I form an LLC and sell my Leah shares to it for a price that amounts to less than my allowable limit, and then use all of the losses against gains with the company I then form, which does have higher allowable losses? I understand that if anybody comments to my question, it would only be their opinion, I won't construe it as tax advice. I know I need to see my accountant to get this straight. . . I still believe in this company, LEAH I just get the feeling that I better take some accounting measures now to hedge against taxes, because it might be a very long wait before Leah ever becomes rightly vindicated.

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