My question is simple. Can you use a Long term loss against a short term gain? Reason I am asking:I have some long term gains and long term losses for this year. I want to sell some stocks I currently hold and receive a short term gain on that sell. I will then turn around and repurchase the stock the same day I just sold for a gain. This way my long term loss gives me a tax break on a short term gain rather than a long term gain. Thanks in advance,Seymour
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