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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Joey who wrote (3518)	12/13/1997 9:25:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

<I'm pretty sure the max cap. loss write-off is $3000.00 - any thing greater must be carried forward to next year.> You are correct. However, I was assuming that the people taking advantage of the stock loss would apply it to already positive gains. In other words, instead of having to enter $24000 on the Capital Gain line, they can enter $14,000 on that line by taking an earlier than planned 10 K loss on one of their holdings. As such, your total tax liability will go down, and you can temporarily borrow some of the refund coming to buy back in OR go ahead and spend funds that otherwise would have gone to the IRS. If you're already in the hole, there is no advantage to taking a tax loss on another issue. It buys you nothing but carry forward, as you stated. TG