George has a short-term capital loss of $42,000 this year. His brother wants to buy a piece of land that George owns as an investment for $60,000. The lands basis is only $20,000. George also knows that the land is appreciating in value every year, and he is not sure he should sell it now. He thinks if he holds on to the land for three more years, he will be able to sell it for $66,000 net of expenses. If Georges combined state and federal tax rate is 40 percent and he uses a 6 percent discount rate for all decisions, should he sell the land now? Completely analyze the question and explain your answer. What are the economic and tax consequences of any alternatives available to George?