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URL:  http://boards.fool.com/locking-in-tax-free-cap-gains-30601420.aspx

Subject:  Locking in tax-free cap gains Date:  3/21/2013  11:26 PM
Author:  DN549 Number:  118107 of 121107

I am in the 15% income tax bracket and thus have a long-term capital gains tax rate of 0%.

I want to sell a stock position that has increased in value significantly over several years (long-term) and then repurchase it after 31 days.

I believe this will allow me to redefine my cost basis thus lowering my capital gains when I sell the stock decades from now when I am (hopefully) in a much higher tax bracket.

What am I missing?
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