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With the Wash Sale rule, if you sell a security at a loss and buy the same or “substantially identical” stock or security within 30 calendar days before or after the sale, the loss is disallowed for current income tax purposes. If you violate the wash-sale rule, you can’t claim your loss and your loss will be added to the cost basis of the replacement ...


If there are no commission charged in either account then there are some minor issues with selling in one account and buying in another: If bid/ask spreads are wide then you'll have some slippage but for an account with a current market value of $1300~$1400, it will be negligible unless it's penny stocks. If you don't have outside funds to buy in ...

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