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The normal strategy is to take capital losses to the extent you have realized gains. This minimizes the tax
liability for the current year and minimizes capital loss carryovers.

However, there is a quirk in the tax code that applies to 2010. Using a with and without calculation, if your
long-term capital gains fall in the 15% tax bracket, they are taxed at 0%. (That’s right, zero.) If you can harvest
long-term gains and have them fall in the 15% bracket, you can then preserve the future tax benefit of the losses
by realizing them in future years.