@okst1960 , thank you for the clarification. I think I understand the situation and what you are trying to do.
You are correct in that if the holding period is less than a year , then the gain would be classed as ordinary gain and taxed at your marginal rate. It can still offset ( interact with your) any other short-term gain/loss, Note , however, that the interaction is between realized gain/ loss ( not un-realized ones ).
Hope this make sense to you .
Is there more I can do for you ?
pk
