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You're right, gum, but he said it's a gain he's been wanting to sell for a while. If the OP isn't sure about that, he can definitely check out the appropriate ticker board for advice on those stocks, but it doesn't sound like he's doing anything *for* the tax effects.

Here's something to keep in mind though.

With only a ST loss, the $3k will go against ordinary income at your marginal tax rate. With a ST loss writing off a LT gain, it will go against the LT gain at only a 15% rate. Depending entirely on the size of the loss an the gain, of course, you may be better off claiming only the $3K against 28% or whatever and rolling over, say, $1K to next year, than claiming $3K against 15% and using the remaining $1K now. Depends entirely on exact numbers and what happens next year (a lucky guess, of course).
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