Ok, I'm not a tax advisor. So, check things out and talk to your tax person. When it comes to Cytodyn, Inc. You may want to do some tax-planning immediately.
If you got your shares for literally pennies - that's great! (I'm secretly envious). But where you have it, what you do with it, and how you do it, can be a BIG DEAL.
Cytodyn has an explosive quality in that once it starts generating some income its growth could be exponential. There are so many indications and the SAFETY factor is totally WOW. AND IT'S DOING A GOOD THING! Actually A LOT of GOOD THINGS!
If it's 5 this week and you know it's going to 20 in a few weeks would you rather be taxed on the 5 now or the 20 in a few weeks.
I'm using Roth's and on years with decent write-offs, have transferred IRA funds into Roth IRAs (YES TRANSFERS LIKE THIS CREATE TAX CONSEQUENCES!!!). I've been putting most CYDY into the Roths. That gives it some great advantages, but you have to learn and follow the rules.
Of course if I lose, I can't even take the losses, but if these shares blossom - I smile.
There are other "tax schemes" but I'm small fish and don't need the complications and exposures that come with them. Some of you might want to consult a well-referred, Certified Financial planner (CFP), that's also a CPA with strong tax background.
My wife and I auditioned five different ones. My ankle was black and blue with her giving me little kicks under the table as we listened to the different "advisors." She's pretty knowledgeable about this stuff as well and frankly we were appalled with some of them. Remember some of these people were the ones that were going to help you get into "special-only-for-those-in-the-know" stuff like Bernie Madoff's fantastic investments... WATCH YOUR BACK and YOUR MONEY!
Bottom line - plan now
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