Two years ago I bought ~$500 worth of shares in a company at a price of $0.1 per share
The share price has fallen to $0.01 per share, making my share holding now worth $50.
This value ($50) is too low to sell on my trading platform, so my intention is to buy an additional $500 worth of shares at the current price (cannot buy less than $500 worth of shares), which will take my total holding above the minimum value required to sell
If I purchase the these shares and then sell both the original and new shares together all on the same day, can I claim a capital loss for the ~$450 loss from the initial investment?
I remember hearing that if you buy and sell shares in transactions that are too near to each other (e.g. within a certain number of days), you cannot claim a capital loss on them, but I'm unclear on whether I understand the rule correctly or if it applies here
Thank you
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