I invested in production of a movie this year, and it is unlikely there will ever be profit to show for it. But just in case... is there anything I should do as part of this year’s tax return to account for it? At some future point there will either be money coming back to me that exceeds my investment, or money coming back to me that is less than my investment, or no money coming back and the whole investment is a loss. I would appreciate any guidance for how to tell the IRS about any of that, if it’s necessary to do so.

I’m usually a very boring W2s plus a statement from Vanguard and some interest on savings kind of tax filer, so this is new territory for me. Thanks!