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To: Jordan Electron who wrote (27804)3/21/1998 9:10:00 PM
From: Peter Hausmann  Respond to of 28369
 
from the horses (IRS) mouth:

I own stock which became worthless
last year. Can I take a bad debt
deduction on my tax return?

If you own securities and they become
totally worthless, you can take a
deduction for a loss, but not for a bad
debt.

The worthless securities are treated as
though they were capital assets sold on
the last day of the tax year if they were
capital assets in your hands. Report
worthless securities on line 1 or line 9 of
Schedule D (Form 1040), whichever
applies. In columns (c) and (d), write
"Worthless." For additional

irs.ustreas.gov



To: Jordan Electron who wrote (27804)3/22/1998 12:15:00 AM
From: Walter  Read Replies (1) | Respond to of 28369
 
I thought this was hilarious. It got me ROTFL:Subject: MINK MINERAL RESOURCES

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To: George S (366 )
From: Andrew Morze
Friday, Mar 20 1998 11:21PM EST
Reply # of 371

George:

There is no need to invoke that woman's name. S/he might come back to bite... a
scorned woman is like a rattlesnake. Mink made a big mistake by firing her. With the
big mouth of hers, s/he would've pumped the stock to its new highs in a matter of
weeks... and s/he was so cheap in comparison with the pro's... all she was asking for
was a reimbursement of her costs. A home-grown pump and dump artist with a
keyboard and plenty of free time on her hands. S/he wouldn't eat much and wouldn't
drink much... s/he would just keep typing and sending all over the cyberspace her
virus-free hypes every fifteen minutes, 24 hrs a day, 7 days a week. All moms and
pops (and their sons and daughters-in-law) would be buying MKM stock like crazy.
Of course, s/he would eventually SELL and TELL... and the rest would be history.
Nonetheless, Mink had lost a cheap, but very effective promoter... they will never find
another character like her.

I am not sure what is a correct pronoun to designate her... s/he was so ambiguous... or
was it ambisexual? My reply to those who keep saying that s/he was a nut case and a
cyberbitch is this: So what? Forget the dump and remember the pump... It was sooo
goood...

I wonder what happened to a truckload of cheap T-shirts she bought a week before
s/he sold and told. You know, those with Orly's face in the front... the back side was
intentionally left blank I think. If s/he was reimbursed for those T-shirts, it is legally
Mink's property now. The company could distribute those T-shirts, in lieu of the stock
dividends, to all the shareholders of record. Have the suckers promote their own stock
if they want to get their investments back. Have the Mink's lawyer call her right away
and demand that all the T-shirts with Orly's face be returned immediately to the
company's coffers. Heck with the diamonds, I want my shirt back. :-))

By the way, there is another free Mink forum in the cyberspace:

stockhouse.com

-am

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