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Sorry "Yes you can sell stock gains to offset the short term gain, even long term gains".


Yes I meant sell your losses to offset short term gains, particularly if they are long term losses so they won't offset long term gains in the future. By selling now you lose a potential 15% loss (or offset of other LTCGs) but you decrease ordinary income taxed 25% or more.

Conversely, don't purposly sell losses to offset LONG TERM gains as that precludes a potential advantage explained above.

ed
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