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Replies to post #31744 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

Replies to #31744 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

crashman

12/30/08 12:06 PM

#31748 RE: Whiplash_Investor #31744

No, if you have losses, usually the most you can deduct is $3000 in losses, but you can carry losses forward to a future year to offset gains (on federal taxes).