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


To: Keith Morley who wrote (6143)1/1/1998 3:35:00 PM
From: Dale Baker  Read Replies (1) | Respond to of 10368
 
Check the IRS Web site, but I've seen numerous mentions that the IRS changed the tax rules a few years ago so that tax loss selling applies to the TRADE date, not the SETTLEMENT date. Sales through 12/31 should count in the 1997 tax year.