Investment Q&A

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Miscellaneous (MISC)

Q: if you sell a stock with a nice capital gain by mistake and correct your error by buying it back a few minutes latter with the intention to keep it long term ,is the capital gain taxable ?
My guess is yes
So why not sell all my gainers before the 25 th and buy them back few minutes latter ????
your insight please

Asked by georges on June 21, 2024

5i Research Answer:

Yes; a one minute trade is still taxable if a gain is realized. If one sells everything because...

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