Yes, based on what you have outlined here, your deductible capital loss would remain -$3000.
In addition, your total capital loss is used to calculate your net investment income for the purpose of deducting your margin interest, so this strategy doesn't really work for you this year.
"Once you make this election by filing your return, you can't change it without IRS permission." This applies only to the amount you elected to treat as investment income and only to this return.
For example, if you make the election to treat your $4500 as investment income when you file your return, you can't amend the return later and use the long term capital gains treatment, unless you get permission to do so from the IRS.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
