If I were you and was ...
If I were you and were...
Google results show that the former is correct but hypothetical statements use "were". I'm confused between the two sentences.
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Do you mean a sentence like, "If I were you and [was/were] planning this party..."?
"Were" is the technically correct option in this case, for the reason you described. There are two hypotheticals: if I were in your place, and if I were planning the party. The same rules apply to both.
That said, this particular rule often gets ignored in casual speech, and you might hear it both ways.