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Is it better to use long-term capital losses to offset ordinary income rather than long-term capital gains?
Is it better to use long-term capital losses to offset ordinary income rather than long-term capital gains? I have around $16k long-term capital gains from a sale of a stock. I'm considering selling other stocks to accumulate long-term capital losses of $5k. However, my effective tax rate is ~18% while my long-term capital gains tax rate is 15%. In my position, it seems more advantageous to use capital losses to offset income rather than gains? If s...
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