An individual taxpayer has a $2,500 short-term capital loss for the year. The taxpayer could sell stock and generate a $2,500 long-term capital gain. The taxpayer has significant taxable income from other sources. 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 could sell stock and generate a $2,500 long-term capital gain. The taxpayer has significant taxable income from other sources. 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