To whoever can answer it: I fully understand the 30 day wash sale rule. My question is this - if I perform (idiotically) *repeated* wash sales in the same security, what is my final cost basis for tax purposes?IeTrade 1: Buy 1000 WASHX 12/1Trade 2: Sell 1000 WASHX 12/8Trade 3: Buy 1000 WASHX 12/15 (making trade #2 wash sale #1)Trade 4: Sell 1000 WASHX 12/22Trade 5: Buy 1000 WASHX 1/23/99Is cost basis for Trade 4 the cost of Trade 1? and does it stay that way for every wash sale thereafter?
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