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Author: math999man Big red star, 1000 posts Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121189  
Subject: Short / Long Term Gains and tax selling Date: 12/15/2006 11:33 PM
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Here is a question that I am sure is easy to those in the know -

I have a ($10,000) short term Loss

I have a +$5,000 long term Gain

net ($5,000) LOSS

Is there any special approach I should use in selecting stocks in the black to reduce my taxes on these stock gains ? - in other words, since I have a ($5K) Net LOSS, is the solution to sell ANY stock gains - independent if the gains occur from short or long term holdings ?

Or must I sell only short term gains to offset the ($5K) loss since all of the loss came from the short term holdings ?

Thanks for any input on this !

math999man
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