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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Josephus who wrote (34814)4/13/1999 3:14:00 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 35569
 
Jody, wait until the end of the year before acting, just in case. Tell your broker to dispose of your stock. They will figure out the best lowest cost method for you.



To: Josephus who wrote (34814)4/13/1999 3:38:00 PM
From: Paunch  Respond to of 35569
 
Jody,
I have a paper showing that IPM is in bankruptcy and that was good enough for my tax person to take it as a deduction this year, then is it does come back you simply have to claim anything you make from it as income.

If you have a fax send me a PM and I will fax you a copy.
Paunch



To: Josephus who wrote (34814)4/14/1999 12:46:00 AM
From: Larry Brubaker  Respond to of 35569
 
Jody, you can use your capital loss in IPMCF to offset any amount of other capital gains you may have. The $3,000 limitation is the amount of net capital losses you can deduct in one year.

Say you have a $5,000 loss in IPM but $6,000 of capital gains from other investments. You could then take the entire $5,000 loss on IPM to offset the $6,000 of other gains, for a net capital gain of $1,000.


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