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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: phbolton who wrote (8031)4/29/1998 11:35:00 AM
From: NYBellBoy  Respond to of 18691
 
phbolton -- It all depends on your situation. I have left profits slip away in the past. I take some profits and keep watching and waiting for more profits.

I am familiar with the Tax Code.

:)

BellBoy



To: phbolton who wrote (8031)4/29/1998 11:49:00 AM
From: Mama Bear  Respond to of 18691
 
>>>gotta pay when asset is "substantially worthless" as I recall the new wording is<<<

I believe it's when it's declared substantially worthless by the Dept of the Treasury. It may be some other agency, but there has to be a declaration by the powers that be. IDID is still trading, 9200 shares have crossed today at $0.005. IDID should be the poster child for substantially worthless. I think as long as it trades with some kind of price, you can avoid the tax.

Barb


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