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To: Boca_PETE who wrote (1816)10/25/1998 8:40:00 PM
From: stock bull  Respond to of 15132
 
Pete, I believe that you can only take $3000 capital loss a year write-off against ordinary income. I think you can take a dollar for dollar loss against capital gains.

Stock Bull



To: Boca_PETE who wrote (1816)10/25/1998 8:51:00 PM
From: theodore  Read Replies (2) | Respond to of 15132
 
I believe any excess over> $3k can be carried over a succeeding two year period to a max.total of $9k.