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hi, first post here......this wash rule thing confuses would seem to me that if i bought 100 shares of ABC @ $100 and sold them @ $90 only to buy them back within 30 days @ say $80, that i would effectively be lowering my cost basis - inevitably wether i made a profit or loss on my new cost basis it would all work out the same regarding capital gains/losses......can someone please explain this better to me preferably as it applies to canadians.....also how would this apply to the JDS/SDL merger which may or may not happen.....thanks
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