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Microcap & Penny Stocks : MTCI - Will it live out the year ??? -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jones who wrote (1270)12/21/1998 10:10:00 AM
From: WalleyB  Respond to of 1336
 
The tax event occurs upon disposition of that asset.

Insult added to injury!!




To: Mr. Jones who wrote (1270)2/19/1999 12:13:00 PM
From: J.S.  Respond to of 1336
 
Kevin,

I believe there is , or was at least, an exception that allows you
to write off assets that have no more market and are thereby, and this is an official term now, "worthless". What happens when and if the company comes back to life I am no sure, though Jim's statement makes sense to me.

Good Luck,
Joe


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