Jerry Hundley owns all of the stock of Ash Corporation, a calendar year S corporation. For calendar year 2016, Ash anticipates an operating loss of $22,000 and could, if deemed worthwhile, sell assets within the business that would generate a $4,000 long-term capital loss. Jerry has an adjusted basis of $6,000 in the Ash stock. He anticipates no capital asset transactions and expects to be in the 35% tax bracket in 2016.

What would you recommend to Jerry to help reduce his tax liability for 2016?