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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Holyman who wrote (15117)	2/26/1998 8:53:00 PM
From: Steven Angelil	Respond to of 25960

Yes, only 3 grand a year can be taken. The rest is what's called a loss carryforward. If you lost 10 grand, you take 3 this year, and the other 7 is taken in later years. So next year when cymer hits 50 plus, and you sell for a big profit, the 7 grand comes off of the profits and then you would pay taxes on the balance. Steve ps I only know about these things, because I have a little experience with losses too, unfortunately.

To: Holyman who wrote (15117)	2/26/1998 9:08:00 PM
From: Ed Richmond	Read Replies (1) \| Respond to of 25960

The $3000 is per year. So if you booked a loss of $15,000, you have to recover it over 5 years or until you book offsetting gains.