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Author: riverlad Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19021  
Subject: Re: Short term loss question Date: 12/21/2000 6:01 PM
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Before acting on this, I'd confirm the tax question with the IRS instructions, but it seems you'll need to consider several factors:
1. Is the stock likely to increase/decrease in value between now and then?
2. Will the short term tax have a relatively better impact on this year's income than the long term tax would have on next year's projected income?

As I understand it, the short term capital losses may be applied against long term capital gains and the excess applied against income, up to a maximum of $3,000, after which it can be carried over to the following year. You'll definitely want to get the details on this, though!
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