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Pardon me if this has been done to deat. I haven't seen it, but I expect it would have cropped up this time of year.

I have some stocks with long-term capital losses I'd like to close out.

I'd was planning on selling these before end-of-year (December 22 for me, since I'm on vacation Christmas week and don't plan on attending to my stocks during vacation). However, while the stocks I'm selling are long-term losers, my gains this year have all been short-term. (primarily due to my company's Employee Stock Purchase Plan, in which I immediately flip the stock I purchase, and a modest number of Employee Stock Options that I exercised).

Can I use long-term capital losses to offset short-term capital gains?
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