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Author: mrmeyer 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 121114  
Subject: Real Life Tax Example Date: 10/28/1999 12:40 PM
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Already realized this year, I have $6600 worth of LT cap gains, and $4000 worth of short term capital losses. This will be my first year to have to address this on a tax return, and I'm trying to do some last minute planning to reduce my tax bite.

I have some additional stock I plan on selling anyway to rebalance. I can have additional LT cap gains (I'll wait to next year to sell), and I have additional ST capital losses. I can sell some stock early and instead of LT cap gains I'll have ST cap gains to offset the ST cap losses. I don't have any LT cap losses available.

Does it make tax sense to sell a little early for ST cap gains to match my losses? What do you recommend?
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