SI
SI
discoversearch

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: Stockman Miller who wrote (52692)10/22/1998 10:03:00 AM
From: Just My Opinion  Respond to of 55532
 
Stockman: Just remember if you want the loss for this year, you must sell by the end of Dec.
I don't know the exact date, though.
I think if you sell to family member, that is okay, you get the loss, and the stock still stays in the family. (Just in case something good does happen)
I would check on this though, it may have to be someone outside of the immediate family, ie..an arms length transaction..ask an accountant.
Thanks for the well wishes, I do not own RMIL, but if it ever gets trading, I may wish I did.



To: Stockman Miller who wrote (52692)10/22/1998 11:55:00 AM
From: Just My Opinion  Respond to of 55532
 
Stockman: I just got an email from someone that said I was incorrect about the sales.
Apparantly you do NOT have to sell to take a loss.
In this case, you just declare the loss, and if it turns around you take a capital gain or whatever it is.

I still suggest checking with an accountant for the correct details.
sorry for the incorrect info.