Internetworkers: http://www.ibiblio.org/internetworkers/

[Diana Duncan <art2mis AT nc.rr.com>]

While the maximum for any given year is $3K, you can apply any over 
that you lose over how ever many years it takes - this is called a 
"capital loss carryover".  I've dumped some serious losers over the bad 
years, and carried over the losses to the good years.  Speaking of 
serious losers, if a company has been delisted, your broker will 
usually at least pay a penny for the lot, which allows you to "sell" 
the dead stock.  Also, if you actually made any gains, losses and gains 
are added together to produce a net gain or loss.

You may have known all of that... :)

Diana

On Thursday, Oct 16, 2003, at 12:39 US/Eastern, Colleen McCarthy wrote:

> Hi Folks,
>
> I know that many of you have probably sold stocks at a loss over the 
> last
> few years.  I'm going to do so this year for tax purposes. Does anyone 
> have
> any guidance to offer?  (e.g., anything that bit you, or that you felt
> fortunate to discover before it bit you?)  I don't have a CPA and am
> debating whether I should get one, or just research this myself.  When 
> the
> maximum writeoff appears to be $3K, I don't know if it's worth pulling 
> in a
> CPA.
>
> Thanks much!
>
> Colleen