Option 1) $200MM loss today, $200MM gain tomorrow, $0 taxes in April. Net result: $0 Option 2) Keep your $200MM today, $200MM gain tomorrow, $70MM taxes in Ap

Option 1) $200MM loss today, $200MM gain tomorrow, $0 taxes in April. Net result: $0 Option 2) Keep your $200MM today, $200MM gain tomorrow, $70MM taxes in April. Net result: +$130MM Why would anyone want Option 1?