Elite Pharmaceuticals Inc (ELTP): Tax losses are, i think, deducted from c...

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elichen

Re: Drugdoctor post# 6977

Friday, 06/03/2011 12:36:06 AM

Friday, June 03, 2011 12:36:06 AM

Tax losses are, i think, deducted from capital gains one-to-one. The $3000 per year allowable deduction is, i think, deducted from ordinary income. I'm not absolutely certain about either of the above statements but i believe they are both correct.

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