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Please give me a definite answer to the question(s) posed below:

Let's say I buy 100 shares of X stock at $50 a share. The stock price goes up to $100 a share, and I buy an ADDITIONAL 100 shares of the SAME stock at $100. Then the stock price goes down to $75 a share, and I sell 100 shares. At this point, THE QUESTION IS: Will I incur a capital GAIN (of $25 a share) or a capital LOSS (of $25 a share). So the real question pertains to whether my gain or loss is based on the initial or later purchase of the same stock bought in equal quantitites, but at different prices on different dates. This is important to know because I may end up buying the same stock at different times in different quantities for different prices and wish to know before hand how my buying and selling activities will affect my tax situation. Please advise ASAP. Thanks!

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