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I purchased 100 shares of a stock 5 months ago at $50/share. The price is now at $40. If I buy another 100 shares today at 40 and I then turn around tomorrow and sell the $50 shares, can I claim the capital loss of $1,000 for this year or is there some sort of waiting period before I can sell the $50 shares? The reason for my confusion is that I think if I first sell the $50 shares, I then have to wait 30 days or so to repurchase the same company if I want to claim a capital loss. Assume this is my only capital gain or loss for the year. Any help would be appreciated.
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