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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: Steven Dopp who wrote (3587)11/1/2000 9:41:10 AM
From: JDN  Read Replies (1) | Respond to of 3646
 
Dear Steven: Where in the world did you get that idea. Losses are losses (excepting the 31 day rule). Now the BEST loss is a SHORT TERM loss. It can be used to offsett short term gains or long term gains. I have just forgotten whether it is limited to 3,000 annually as to offsetting ordinary income. JDN



To: Steven Dopp who wrote (3587)11/1/2000 9:41:53 AM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 3646
 
only on long term cap gains/losses...

short term (less than 12 months) you can take the loss as well.... it will still apply.

quite easy to call or write (via email) irs for confirmation....

or you can try one of the tax threads on SI

or call a cpa...

this is a no biggie kind of question.....

but i am 100% sure you have no reason to wait if you intend to take a loss sooner than later....


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