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Microcap & Penny Stocks : EUTRO INVESTMENT GROUP EUTO (LONGS) -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (405)	12/10/1997 9:31:00 PM
From: Playin my Cards	Respond to of 1667

Message from Jeffrey C. Garland on Dec 10 1997 7:53PM EST Mike, "If you are selling for a loss, you can not re-purchase the same stock for 30 days or your loss is not tax deductable, but just counted against any gains you may recieve on the new purchase." Are they not tax deductable if you "lose" "lose". Another words you lose twice on the same stock, are they not combined losses tax deductable? JeffG By stating they would be counted against any gains, I also implied what you stated...it would be a double negative so to speak if you lost twice on the same stock and both would be deductable. Just keep in mind that if you sell for a loss today, buy back within 30 days and then sell for another loss after the first of the year, I am pretty sure you won't be able to count the first loss until 1998 taxes. Verify it all with an accountant or the IRS to be certain. Mike