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I posted this a few days ago and it ended up lost with any answers that were posted. TMF says the missing posts are "gone forever". I hope someone (roy?) can clarify this 30 day rule.

Here is my confusion....I buy 1000 shares of XYZ and end up selling it for a significant loss. The stock dosn't look like it will bounce back immediately but it's long term looks good. Meanwhile, I "flipped" it (same number of shares) over the last couple of weeks. I would like to re-buy it for the long order to deduct the big orginal loss, can I buy it back 31 days after the original sell, or do I have to wait 30 days without owning it at all? How are the modest "flipping" profits taxed if I can't deduct the big loss? Can I pay taxes on the modest profits and deduct the big loss if it has been 31 days since the original sell? Hope this makes sense.

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