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To: nosebush who wrote (2761)12/23/1998 9:40:00 AM
From: Fred-beaches  Respond to of 7209
 
You are correct on your deduction of $3000 per year stock lost. However, I believe one can take $1 lost against $1 gain. So if I have a gain of $10000 and a lost of $10000 it is a wash. But always check with your accountant.

Herb



To: nosebush who wrote (2761)12/23/1998 9:40:00 AM
From: lou debiase  Read Replies (1) | Respond to of 7209
 
YOUR 100% RIGHT THEY LIMITED UP TO A $3000 WRITE OFF. I DIDN'T KNOW ABOUT THE CARRY-over THOUGH! Still they get a write off and now they can re position shares at a lower average. Now does the 30 day rule apply to these small-cap stocks?? Can I use other funds to reinvest other than the funds cashed in?


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