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To: Mohan Marette who wrote (62412)8/31/1998 12:08:00 PM
From: PAL  Read Replies (1) | Respond to of 176387
 
Ohio Mohan-san:

** OT ** Thinking out loud about capital gains and losses.The entire net capital gain has to be reported for the current year. However, only $ 3,000 net capital loss can be deducted, the rest has to be carried forward indefinitely. Just does not compute ...

Regards,

Paul.



To: Mohan Marette who wrote (62412)8/31/1998 12:11:00 PM
From: mrknowitall  Respond to of 176387
 
Mohan - what we have here is "irrational lemmingfolly!"