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Financial Planning / Tax Strategies


Subject:  Re: Taking a Long Term Capital Gain Date:  12/11/2007  12:22 AM
Author:  TMFPMarti Number:  97162 of 127616

If I sell a stock this week which produces a long term capital gain on my 2007 taxes, are there any tax ramifications if I repurchase the same stock the next day (other than establishing a new basis)?

Also a new holding period.

No, I'm not aware of any taxing authority that objects to your deciding to increase your tax liability. Are you sure you want to do this?

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