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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly! -- Ignore unavailable to you. Want to Upgrade?

To: David Phaneuf who wrote (2716)	3/13/1998 12:52:00 PM
From: Dale Geffrey	Respond to of 2840

As far as I know, you do not have to sell it to take the stock as a total loss. I've been told that it wouldn't hurt if you had a letter from your broker showing that they tried to trade the stock and there is no market. Since my broker charges .03 a share for a transaction, it doesn't pay to sell anyway. Dale

To: David Phaneuf who wrote (2716)	3/13/1998 1:19:00 PM
From: Swamy S . Bale	Read Replies (1) \| Respond to of 2840

>Since it seems as of 3/31 stlc stocks will be worth 0. Since if you still hold onto this >stock and have not sold does it still hold as a loss for tax purposes? or do you have >to sell to take that tax advantage? Tax advantage what a oximoron? I heard if you donate the stock before it is cancelled, you can get the deduction on your cost basis, I mean at the purchase price. Advantage is, instead of deducting the loss of $3000 per tax year (the limit allowed by IRS), you can deduct the full amount. I am no tax adviser, please consult your cpa for more information. Swamy