Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Binder who wrote (5076)	3/4/1999 6:48:00 PM
From: H Peterson	Respond to of 7039

Binder, I got this info from a Stock Guide for Investors web site: >>I went to Pub 550 and found these two paragraphs: Worthless securities. Stocks, stock rights, and bonds (other than those held for sale by a securities dealer) that became worthless during the tax year are treated as though they were sold on the last day of the tax year. This affects whether your capital loss is long-term short-term. See Holding Period, later. How to report loss. Report worthless securities on line 1 or line 8 of Schedule D(Form 1040),whichever applies. In columns (c) and (d), write "Worthless." Enter the amount of your loss in parentheses in column (f).