I need to know if i can write off the sale of a diamond ring as a capitol loss. The ring is apprised at $10,000 and i sold it for $5,600. Can I write off the $4,400?

mlorenzi · ‎June 4, 2019

I need to know if i can write off the sale of a diamond ring as a capitol loss. The ring is apprised at $10,000 and i sold it for $5,600. Can I write off the $4,400? If so, under what deduction section to put this in?