Cytodyn Inc (CYDY)

[Scooter McCabe]

Wrong Again.

https://www.bankrate.com/investing/how-to-deduct-stock-losses-from-taxes/#:~:text=An%20investment%20loss%20has%20to,your%20loss%20against%20capital%20gains.

An investment loss has to be realized. In other words, you need to have sold your stock to claim a deduction. You can’t simply write off losses because the stock is worth less than when you bought it.

Here is another source.

https://www.nolo.com/legal-encyclopedia/how-to-claim-a-tax-deduction-for-stock-losses.html

The only time you actually get a deduction is when you sell your stock or other capital asset for a loss. Paper losses are not deductible.

You let a stock go to zero and do not sell, you can't claim it.

DEBUNKED!