- Does wash sales affect the type (long vs short term) losses? If i have a short term loss that's about to become long term, and i conduct a wash sale (and immediately buy back) the day before that, can i retain the short term loss status for another 12 months or does it become long term the next day?
Alternatively if I have a long term loss and I conduct a wash sale and buy back, does the loss remain long term or become short term for the next 12 months?
Thanks
