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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?


To: SE who wrote (5853)12/22/1997 3:57:00 PM
From: Nittany Lion  Respond to of 10368
 
Scott,

The IRS looks for a"taxable event" to establish the loss i.e. sale for $1 etc., however I believe the expiration would itself constitute that event. IRA losses are not deductible tho unless you have made non-deductible contributions.

Gary