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Re: peterdaniels post# 46283

Monday, 09/23/2019 1:30:17 PM

Monday, September 23, 2019 1:30:17 PM

Post# of 233581
peter d: nothing to stop you from buying and selling. However, IRS has a rule- if you buy and sell something in less than 30 days "wash-sale" rules apply and you cannot take capital loss deduction.

So, sell today, buy in a month if you want tax advantage. Or: " If you own an individual stock with a loss, but don't want to be out of the market, one way to avoid a wash sale is by making an additional purchase and then waiting 31 days to sell the shares that have a loss." - investopedia.com
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