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Does anyone know why you would sell near worthless stock to a friend or relative for pennies to get the capital loss? Why wouldn't you just sell on the market? I have a stock worth next to $0, but the company is still very much up and running, and will be for some time. At a $9 current total value to me, trying to figure out the best way to get rid of, or, at this point, if I should hold on and see what happens.
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