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Saved Search formula

I want to do multiple case when and return the following

If trandate is prior to Last year, return "LY"

If trandate is current year, return "Current"

if trandate is future years, return "LT"

I am trying to get a report that returns the total amount of our amortization schedules are being current vs LT.

I was trying to use To_Char but i cant see to get it to return a text value based on my logic

case when (TO_CHAR({trandate},'YYYY'),TO_CHAR({today},'YYYY') = 2024, ’Current’, “last year’)

I know this formular will NOT work but trying to see what my options are!

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