Foreign investment earnings and losses?

My husband holds three foreign investment accounts (we are married filing jointly). Last year, I reported the interest as if it was 1099-INT income although we do not receive tax documents. This year, two accounts have earned interest, but one account had a significant loss in value. I'm not sure how to report this so that the losses are offset in the total interest earnings?

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You can not offset the loss of value against interest income. You will be able to offset against your income any loss up to $3000 if you sold the stocks and received the sale proceeds.