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Microcap & Penny Stocks : IATV - ACTV Interactive Television -- Ignore unavailable to you. Want to Upgrade?

To: mike.com who wrote (3673)	12/18/1998 10:48:00 AM
From: The Atheist	Read Replies (2) \| Respond to of 4748

MIKE, If you had to off set a tax gain I could understand why you wanted to take a loss by the end of the year. The loss that you have that exceeds $ 3000 is going to be carried forward until you have used it. If you sell IATV now and next year have gains that exceeds your carry forward losses then the IATV gain if you have held the stock for more than 1 year is taxed at max 20% but if you sell now and buy again and then sell sometime in 99 your tax is your taxbracket (max 28%). The "white wash" rule only counts if you take a loss and then within 31 days buy the same stock back.