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I read through much of the outstanding FAQ and wanted to make sure I understood a concept regarding holding periods:

Let's say I have held 90 shares of company XYZ for a year and a day or longer, therefor making it a long term capital gain should I decide to sell.

I then decide to add 10 shares of company XYZ bringing my total shares to 100.

A few weeks later I decide to sell all 100 shares. Even though the 10 shares were very recently bought, the whole profit is considered long term capital gains. Am I correct in this assumption?

Thanks for a great faq! I had no idea the 18% 5 year capital gains rate was going into effect for shares purchased after 2001. Very cool. Let's see if we can get it down to 0%.

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