Subject: Re: Tax Loss Harvesting examined.
Here's a thought about the situation where you're lucky enough to buy low so that you can never book a loss again.

It seems that harvesting losses is worthwhile when they're short term, at your full regular income marginal tax rate. So if you run past the one year holding period and can no longer sell for a short term loss, maybe it pays off to sell for a long term gain, pay the long term CG tax, and start the cycle over again.

Elan