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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (36946)	3/11/2010 8:03:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78665

Madharry, ABT held in ira. My taxable account was full, and I had a bunch of cash available to me in my large ira, so that's where I accumulated the position. Sad to say though, the tax advantage of holding for long-term capital gains (vs. selling for short-term) wouldn't apply to me for my taxable accounts anyway. I have enough capital loss carryovers from tax years '08 and '09, that they'd cancel any capital gains, long-term or short-term, should they occur this year. I've got enough losses to where it almost encourages me to make short-term trades, since if there are trading gains, they'll be offset by the carry-over losses.