Personal Investments • Liquidating trust distribution

I owned a closed end fund (old ticker: NID) that liquidated in 2023 and received most of money back and also received an interest in a liquidating trust. The liquidating trust is receiving a big distribution on 12/31/24, and then the trust will take those proceeds and distribute it out to the former shareholders sometime in early January. So to be clear, I am not receiving cash on 12/31/24, but the trust is. Then I get the distribution in early January. This distribution will be a large LTCG.

Do I have any discretion in recognizing the LTCG in 2024 vs. 2025?

Thanks

Statistics: Posted by BFR — Sun Dec 29, 2024 12:12 pm — Replies 0 — Views 52

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