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To: MrGreenJeans who wrote (11024)12/7/2000 9:14:17 PM
From: Boca_PETE  Respond to of 42834
 
Mr. GJ - Offsetting a short term capital loss against a long term capital gain is a bad idea.

But doesn't offsetting such a short term loss against a previously realized year-to-date short term capital gain merely defer the tax to the future period you sell the dissimilar security you replaced QQQ with ? What am I missing ?

P