Let's say I bought ABC stock on 4/1 and sold it on 4/25 with a loss but re-bought the stock within the 30 day window and bought it on 4/5 and sold it on either 4/15 (case A) or even 4/27 (case B) for a loss. Since ABC stock wasn't intended to be a replacement, does the net amount loss change (or wash sales really matter)?
It seems like the cost basis will change but eventually the net loss will the be the same amount.
Hope I'm making sense.
For case A: the cost basis for the initial purchase will go up?
For case B: the cost basis for second purchase will go up?
Is this correct?
