If I sale a long term stock w/ capital gains & repurchase it within 30 days, is the repurchased stock keep long term status and do I still pay taxes on the capital gain?

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If I sale a long term stock w/ capital gains & repurchase it within 30 days, is the repurchased stock keep long term status and do I still pay taxes on the capital gain?

"do I still pay taxes on the capital gain?"

Yes, you do. The holding period for your repurchase starts the day after the repurchase.

Tom Young

If I sale a long term stock w/ capital gains & repurchase it within 30 days, is the repurchased stock keep long term status and do I still pay taxes on the capital gain?

You may be thinking of the 30-day wash sale rule. The wash sale rule applies only when you have a capital LOSS on the shares you're selling.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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