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To: Ken Todd who wrote (7453)	3/18/1998 9:47:00 PM
From: Tom W	Respond to of 8012

For US tax purposes, I think the critical date for writing off your entire investment is the date that you can establish the stock as not only worthless, but unlikely to ever regain value. I used Dec 31, 1997 on my tax return, since by then it was clear that there were insufficient assets to satisfy the secured creditors, much less the unsecured ones and the shareholders. So long as the date falls in 1997, it doesn't seem to matter which date is claimed. However, I don't think you can carry the loss into 1998 and claim it in 1998 since it clearly was worthless before that as the liquidation was already done. I'm not a tax expert, just one who does his own taxes. And due to the changes in short and longer term capital gains and losses, the proper application of a "termination" date may vary from one individual to another. tom w