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

To: Dick Jaffe who wrote (4145)	12/31/1997 7:41:00 PM
From: jan_mike	Respond to of 11708

Thanks Dick and everyone. I knew the Tman was here somewhere. eom Mike

To: Dick Jaffe who wrote (4145)	1/1/1998 5:10:00 AM
From: Just My Opinion	Respond to of 11708

Dick: I believe it expires after 7 years. (losses) You can carry forward losses for seven years, and use them against gains. (short or long term). However after 7 years they expire. I do not believe there is a limit. In other words a million dollar loss can be applied against a million dollar gain. It can be taken over the 7 year period. If you have no gains, you can deduct 3,000 for seven years, but after the eighth year the unused portion is lost. Hope I have helped...al