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Do I really care when it comes to losses whether they are short or long term?

Obviously net long term gains are preferrable over net short term gains due to the lower tax treatment. But on the loss side, since short and long term gains and losses are netted together, it appears that the impact of short and long term losses are equal. In either case you can offset any gain plus up to $3k in income and carry forward the rest.

Am I missing something?

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