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Re: Anonymous Nobody post# 1867

Sunday, 09/21/2008 11:03:10 AM

Sunday, September 21, 2008 11:03:10 AM

Post# of 10370
If you bought at $25 and sold now, you can only write off a lousy $3K a year for next umpteen year come tax time. But once the bankruptcy becomes final, and the common becomes "WORTHLESS", then you can write off your ENTIRE loss in the year the stock became worthless.

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