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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Super long term cap gains Date: 2/12/2001 10:30 PM
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"If I hold stocks purchased say 6 years ago, can I really sell them now and claim the super long-term gain in '01?"

Sorry, no!
We had a thread on the super long term rate a couple of weeks ago. What you can do is pretend to sell and re-purchase the stocks on 1/1/01, then continue to hold them until 1/1/06 and sell for real to get the reduced rate. The problem is, you have to pay taxes for 01 on your gains over the last six years, so it basically isn't worth it. The only situation where I think it makes sense to do the pretend sell/buy is if you have a loss of less than 10%.
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