Question about wash sales


I looked up other Reddit threads about this but I couldn't find a satisfactory answer.

Assume for this hypothetical that all trades happen within a 31-day period.

I buy 1 share of AAA for $100. I later buy 1 share of AAA for $90. I later sell 1 share of AAA for $93.

My average price is $95, but my most recent purchase was for $90. Does selling for $93 then count as selling for a gain or selling for a loss?

And what if the order was reversed; what if I had bought a share for $90 before buying a share for $100? Does selling for $93 then count as a loss since my most recent purchase was for $100, or does it count as a gain since my cheapest purchase was for $90?

Thanks!


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