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I have a couple of oil stocks that have been caught up in the industry down draft. I'm optimistic about both stocks but would like to harvest the tax losses. I'm well aware of the 30-day rule but believe there may also be some rules around hedging. While evaluating the sale this weekend, I noticed that there are some interesting put premiums available. If I sell the stock to harvest the tax loss but also short some puts does that create a situation where the tax loss is disallowed (assuming the stock is not put to me within 30 days)?
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