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No. of Recommendations: 1
What am I missing?

(As Phil said:)

1. There's no need to wait 31 days before repurchasing. You're thinking of the wash sale rule, which applies only to sales for a loss.
2. Don't forget the effect of commissions.
3. Don't forget the effect on state taxes

AND - the gain increases your AGI, which may affect a number of provisions that involve phaseouts of deductions and credits, or the taxable portion of Social Security.

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