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Yes, since you have realized a loss, you may claim a capital loss
. Note that in addition to filing
the Schedule D
, you will also need to file the Form
and Dispositions of Capital Assets
. See link to form below. Starting for tax year 2011, the IRS
requires that this form be completed along with the Schedule D. Also note that even though your loss amount is $17,719.82, the maximum amount that you will be able to claim as a capital loss is $3,000 per year. The remaining amount carries over to future years until the loss amount is exhausted.
Link to form 8949/instructions:
Please let me know if I can be of further assistance to you regarding this matter.