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<<<..... If I have 100 shares of AXP that I bought at 5 and I want to
sell at 75, my capital gain is $7500-500=$7000 or $70 per share. But if I double up in
the absense of a wash rule, I get an advantage because I would have a total cost of
$8000 / 200 shares = $40 share. Thus, instead of a capital gain of $7000, I would have
a capital gain of ($75/share - $40/share = $35/share)* 100 = 3500 rather than $7000. >>>

I fail to see the advantage gained here, because your net capital gain would be $35/share * 200 shares = $7000, when you sell all your shares. Is there something that I am missing??
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