An individual taxpayer has a $2,500 short-term capital loss for the year.The taxpayer, who has significant taxable income from other sources, could sell stock and generate a $2,500 long-term capital gain.Explain the impact on the taxpayer's taxable income if he did or did not sell the stock.

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The Answer of An individual taxpayer has a $2,500 short-term capital loss for the year.The taxpayer, who has significant taxable income from other sources, could sell stock and generate a $2,500 long-term capital gain.Explain the impact on the taxpayer's taxable income if he did or did not sell the stock.

An Individual Taxpayer Has a $2,500 Short-Term Capital Loss for the Year.The