as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
us taxes - handling capital losses from previous years with current capital gains
user
no one can advise you on whether to hold this stock or sell it. your carried losses can offset short or long term gains, but the long term losses have to be applied to offset long term gains before any remaining losses can offset short term gains. your question doesn't indicate how long you have to hold before the short term gains become long term gains. obviously the longer the holding period, the greater the risk. you also must avoid a wash sale (selling to lock in the gains/reset your basis then repurchasing within a month). all of those decisions hold risks that you have to weigh. if you see further upside in holding it longer, keep the investment. don't sell just to try to maximize tax benefits.
assistant