I`m not an accountant but, to my knowledge, a wash sale permanently eliminates the ability to deduct a short term loss.
There`s no way of knowing how or to what extent the tax loss selling is or will be offset. If you don`t like the stock, you sell and walk away. If you do like the stock, you more than likely would have doubled up a month or so ago and are selling your original position now.
DoP
