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Over a break I did a "what if" comparison for him (you have to override the L/S field in TaxWise) and showed him it did, indeed, make a difference (because of the favored rate treatment of LTCG's).

because of the favored treatment of LT ..why is 'various' always long?

can't i then just say 'various' for all my short term gains?

.... my recollection is that TT asks long or short if you input 'various'
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