I have held stocks for long term over 1 year periods and sold for losses then bought them back, triggering wash sales.

Now I am trying to sell the same stock ABC after holding for over 1 year.

1. Bought 100 shares stock ABC Jan 1, 2023 for $10
2. Sold 100 shares for $11 Feb 1, 2024
3. Bought 110 shares for $10

The 10 brand new shares purchased would be considered short term. What about the 100 repurchased shares? Are those still considered long term positions where I can sell for long term capital gains subject to long term capital gains taxes? or does it get reset to short term holdings subject to short term capital gains if I sell for a profit?

What would happen if you kept repeating buying & selling the same stock within 30 days of the sale?

Similar Related Questions:

1. How does the "wash sale" rule work while selling for long term capital gains?

2. Does it count as long term gains if you buy and sell more shares of an existing stock holding?

I have held stocks for long term over 1 year periods and sold for losses then bought them back, triggering wash sales.

Now I am trying to sell the same stock ABC after holding for over 1 year.

1. Bought 100 shares stock ABC Jan 1, 2023 for $10
2. Sold 100 shares for $11 Feb 1, 2024
3. Bought 110 shares for $10

The 10 brand new shares purchased would be considered short term. What about the 100 repurchased shares? Are those still considered long term positions where I can sell for long term capital gains subject to long term capital gains taxes? or does it get reset to short term holdings subject to short term capital gains if I sell for a profit?

What would happen if you kept repeating buying & selling the same long term held stock within 30 days of the sale?

Similar Related Questions:

1. How does the "wash sale" rule work while selling for long term capital gains?

2. Does it count as long term gains if you buy and sell more shares of an existing stock holding?