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I sold some stock recently to avoid the AMT. (I got the stock via exercising options early in the year. At the time I had a large gain...I was planning to hold for a long term capital gain, but as the stock price dropped ... well, you know the rest.)

OK, so I've sold and plan on buying back in. I still sold the stock for a good profit, not a loss. Do I have to wait 31 days to buy back in, or does this rule only apply to selling stocks for a loss?

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