1099-B sale of stock marked Merger under additional information and it's showing a loss - I can I claim that loss on my Form 1040

[taxesohmy2017]

I have a 1099-B that lists under LT Transactions for NonCovered, shows purchase date 01/20/11, sold date 1/20/21, Proceeds = $0.00 and Cost Basis $146.92.  Additional information has the word MERGER.  It shows a loss for $146.92

Is this a loss I take can on my tax return for $146.92?

Thank you

[JulieS]

Yes, you take that loss by including the 1099-B on your tax return. Your losses are netted with other capital gains on your return. 

You can deduct up to $3000 ($1500, if married filing separately) against your other income. If your total capital loss is more than $3000, the excess will carry forward until you can use it. 

This how you can import or enter your 1099-B:

1. Select Federal from the left side menu.
2. Select Wages and Income toward the top left.
3. Scroll down/ expand the list and look for Investment Income.
4. Find Stocks, Mutual Funds, Bonds, Other and click on Start or Update to the right. 
5. You will be given an option to import your 1099-B, or you can continue and enter it manually.
6. On the screen titled,  Did you get a 1099-B or brokerage statement for these sales? answer Yes.
7. On the screen titled, Tell us about this sale, answer I'll enter one sale at a time. 
8. Fill in your information from the 1099-B.

[taxesohmy2017]

Thank you. I just wasn't sure since the word MERGER was used in the description. 

Thank you again.