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Author: mbwalker Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: Short Term Capital Gain/Loss Strategy Date: 9/24/1997 8:24 PM
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You wrote:

<<I have a fair bit of short term capital gains on stock transactions this year. One of my holdings is currently down from where I bought it, but I expect it to go up significantly over the long-haul.

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?>>

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
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