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<p>[QUOTE=&quot;medoraman, post: 1294390, member: 26302&quot;]They can be done like Doug says, but there are some special rules. Usually the loses primarily help to offset gains, but it can be a tricky little area. </p><p><br /></p><p>My best advice is to always ask your tax man BEFORE you do something. Its amazing how people do everything without thought to taxes and then bring your paperwork in expecting your tax professional to help. Many times if you would have slightly changed what you were going to do you could have greatly lowered your taxes, but you never sought this advice BEFORE you did it, so now its too late. I know it sounds self serving as an accoutant, but it literally pays to consult your tax preparer before any kind of actions like this before you do it, since many times he can structure it slightly different and save a ton in taxes. </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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