Jim Olsen owns all of the stock in Drake, a calendar year S corporation. For calendar year 2016, Drake anticipates an operating loss of $160,000 and could, if deemed worthwhile, sell a stock investment that would generate a $10,000 long-term capital loss. Jim has an adjusted basis of $100,000 in the Drake stock. For the year, he has already realized a short-term capital gain of $7,000. He anticipates no other capital asset transactions and expects to be in the 33% tax bracket in 2016. Write a letter to Jim (470 Bay Avenue, Bedford, MA 01730), suggesting a course of action that could save him some income taxes.