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Re: wackena post# 7103

Wednesday, 10/24/2012 11:52:02 AM

Wednesday, October 24, 2012 11:52:02 AM

Post# of 8307
In your 2012 tax return you will write off your entire DIMEQ investment. If you you held for more than a year, it will be Long Term Loss. Less than a year, Short Term Loss. Mixed holdings have to be separated by date of purchase to 8/12/12 worthless status.

When we win on Appeal or Claims or other lawsuits and/or reversals.

At that point, you will resuscitate the DIMEQ and pay Long Term Tax on the entire Award, as by then you will have Zero cost basis for the DIMEQ.
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