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PaperProphet

10/10/07 10:45 AM

#54885 RE: Matt R #54854

Re:<"cant sell unless i think the tax refund for my huge loss is beneficial">

You can offset up to $3,000 of your regular income with your losses and the remaining losses get carried forward where you can offset future regular income at $3,000/year or all future capital or stock gains until the loss is used up.

Your biggest consideration would be if you change tax brackets.