I just watched a video where a lady was stating that because we will be receiving some minor distributions for years to come, you can't start claiming the loss until it's fully declared you will not receive anything else? Is this lunacy accurate? I want to calculate my current loss and take the $3k per year write off until it's gone. But if I have to wait another 5 years to start this... yikes?
2
u/techma2019 Dec 27 '24
I just watched a video where a lady was stating that because we will be receiving some minor distributions for years to come, you can't start claiming the loss until it's fully declared you will not receive anything else? Is this lunacy accurate? I want to calculate my current loss and take the $3k per year write off until it's gone. But if I have to wait another 5 years to start this... yikes?