I lost around 35K in the stock market after the company I had invested in went belly up and filed for bankruptcy in 2015.
I would like to deduct some of it on my 2016 taxes. I was told by an accountant that after receiving the 1099 form from my online brokerage I can probably deduct up to $3K each year or if the initial capitalization of the company was less than $1,000,000 then I could probably deduct all of it.
My question now is, how do I find that information?
The company's original name was Augme Technologies and it is called Hipcricket.

any guidance? thank you in advance

javtax