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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: SAMOA1 who wrote (21950)	12/4/1998 6:40:00 AM
From: JustInTime	Read Replies (1) \| Respond to of 119973

You can use an unlimited amount of losses to offset your gains, but can only pass a max of $3000 dollars to offset your "earned" income. In other words if you have $10,000 in losses and $5000 in realized gains and a regular job that pays $40K, you effecively can pay taxes on $37K. Thats my understaning anyway...talk to an account or verify the info w/someone else...I am not an accountant.