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If I buy a stock at 30 and sell at 20 I cannot take a tax loss if I buy it back in less than 30 days. If I do buy it back in less than 30 days at 15 and than sell at 20 do I pay tax on a gain from 15 to 20. If that is the case I would loss money by selling a stock and buying it back at a lower price.
I am thinking about this because I have some stocks I want to sell where I have a loss but I may be interested in buying them back lower if it works out that way.
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