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Is it possible to undo a wash sale?
I sold stock at a loss thinking I could realize the capital loss and still keep the stock if I just repurchased it again.
Then I learned that The Wash rule will not allow me to do that, even though I’ve already rebought the stock.
Can I sell the stock again to buy a completely different stock and to realize my capital loss as well? Or is it too late since I already violated the Wash Rule?
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June 5, 2019
3:50 PM