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

To: jan_mike who wrote (4129)	12/31/1997 1:06:00 PM
From: TraderGreg	Respond to of 11708

Yes, you are correct sir. $3,000 is the max NET LOSS you can take. But people take bigger tax losses than that to apply to big gains and either hit the $3,000 loss figure OR, more often, to reduce the POSITIVE gain they must report. TG

To: jan_mike who wrote (4129)	12/31/1997 1:52:00 PM
From: FTJoe	Read Replies (1) \| Respond to of 11708

I believe losses can be applied against gains up to 100,000. If your net position is negative, then you get the 3,000 or the loss, whichever is smaller. If the loss is over 3,000, then you carry the remainder on to next year. This is my understanding and is NOT to be relied upon as accurate. ;-) Edited to point out that I'm not sure what the 100,000 number represents, my accountant mentioned it but I wasn't paying attention to what it meant. Unfortunately it does not apply to me. :-(