@fanfare it IS disappointing!
If there were capital gains of at least $68,000 this year, then those same losses could reduce the tax burden by 23.8% times $68,000 or $16,184 (I am assuing the OP's income is high enough that the 20% capital gains rate comes into play).
but given the $3,000 annual limitation, that same $68,000 loss is ONLY going to reduce OPs taxes by $1,110 each year for 23 years. ($3,000 times .37% amd assuming no future capital gains). Discounting for the time value of money and it's worth even less than that,
