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Author: makasha 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 121112  
Subject: Re: First Sale Date: 2/1/2007 4:37 PM
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Since no one else has answered, Yes, I'm about 99% certain he meant sell your losses to offset your gains.

The losses do not have to be short-term losses to offset short-term gains, since you eventually offset total gains against total losses before putting the final number on your Schedule D.

Kasha
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