Replies to post #265230 on Mike Lindell Media Corp (MLMC)

[pjwilson]

Thanks for the help Frankie. Did you ever start shorting penny stocks or did u stay away from it?

I've got another quick question for you. I'm definitely ignorant to stocks and taxes. I paid taxes on all my earnings from 2006 (it took a while to do with all the buys and sells) but now that I'm wanting to get a deduction from the government since I lost it all, I'm a little unclear how it all works.

So you're saying that if I made $100,000 (from any taxable revenue source) that it would be like having to pay taxes for $97,000?

I lost just over 3K and I'm just trying to see where the "capital loss" would save me money.