The question was....<<Should I sell the holding and then immediately repurchase it so as to lock in a short term capital loss to offset my short term gains?>>And mbwalker replied...<<Don't do it. At least not 'immediately.' You could have a 'wash sale' if you re-purchase the additional stock thirty days before or thirty days after you sell the stock for the loss. Check out the full explanation at http://www.fool.com/school/taxes/taxes27.htm>>Great answer, MB!!! You even included the URL to the Taxes Frequently Asked Questions area. Very nice.Certainly nothing else for me to add. MB hit the nail right on the head. Thanks again MB...TMF TaxesRoy
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