Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (45291)	4/10/1998 11:59:00 PM
From: Hawkmoon	Respond to of 55532

Anyone thought about declaring their RMIL to be deductible as a worthless stock?? Apparently, you are not necessarily required to sell the stock as in a cabinet sale. The only advantage is that you are basically betting your stock will continue to be worthless. Should it return to value, you would have to file an amended tax return. I'm looking at doing this (accountant is researching it) to offset some capital gains and if my stock happens to return to a semblance of value, then I can adjust my taxes owed accordingly. It would be nice to push some tax obligations into 1998 if possible, for us. Regards, Ron