Our advisor placed money ($70,000) from a 401-K into the L Bonds in an IRA account when we retired. Within (< 6) months of doing this we received notification of the GWG bankruptcy. Any earnings from these bonds would have been minimal. But now we have essentially lost the $70k unless something significant happens which is doubtful. So, it is a significant loss for us. But you are still telling me that I still cannot include the loss amount from the GWG Grantor Letter for the Wind Down Trust in my 2024 Federal Taxes, correct?
