Subject: Re: "Dozens" Screens
Sort term loss of $1000 and a long term gain of $1100 = net $100 long term gain.
Sort term loss of $1100 and a long term gain of $1000 = net $100 short term loss.
Would be nice if you could take the loss at 22% tax and the gain at 15% tax, but it doesn't work like that.
If the only thing you're doing for your investments is Dozens, no it's not going to be too useful. But if you have other short-term investments going, which are generally successful (as we all are, right?)...
Short term gain of $10000 on Monthly.
Short term loss of $1000 and long term gain of $1000 on Dozens = net $9000 short term gain, $1000 long term gain.
Long term loss of $1000 and long term gain of $1000 on Dozens = net $10000 short term gain, $0 long term gain.
So yes, it does work like that.
- Jamie