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To: Anne Lamb who wrote (29431)12/20/1997 8:40:00 PM
From: Char  Respond to of 35569
 
>on the tax..someone told me that you could only write off 3000 a yr of a stock loss..this true? and i didnt get the verdict on selling and buying back at a higher price..<

That's true Anne. If your total profits minus your total losses result in a loss greater than $3000 than you have to carry the extra loss forward into next years taxes.

Dave


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