Q.
so if the second trade, which was also closed in the same tax year, has a loss using the NEW higher cost, you can still deduct it.
A.
His question was weather he should pay tax for his capital GAIN of his 2nd trade on Aug. 15, not his LOSS.
Your answer did not match his question. i.e.
His question: Can I eat a apple ?
Your anwser: no, you can not eat a pear.
so if the second trade, which was also closed in the same tax year, has a loss using the NEW higher cost, you can still deduct it.
A.
His question was weather he should pay tax for his capital GAIN of his 2nd trade on Aug. 15, not his LOSS.
Your answer did not match his question. i.e.
His question: Can I eat a apple ?
Your anwser: no, you can not eat a pear.