Baltia Air Lines Inc. (fka BLTA)

[integral]

Individuals. Individuals use Form 8949
to report:
The sale or exchange of a capital asset
not reported on another form or schedule,
Gains from involuntary conversions
(other than from casualty or theft) of
capital assets not used in your trade or
business,
Nonbusiness bad debts, and
Worthlessness of a security.[color=red][color=red][/color][/color]
If you are filing a joint return, complete
as many copies of Form 8949 as you need
to report all of your and your spouse's
transactions. You and your spouse may
list your transactions on separate forms or
you may combine them. However, you
must include on your Schedule D the
totals from all Forms 8949 for both you
and your spouse.

https://www.irs.gov/pub/irs-pdf/i8949.pdf

https://www.irs.gov/pub/irs-pdf/f8949.pdf

https://www.law.cornell.edu/uscode/text/26/165#

There is another way, sell it to your buddy for $1 and take the capital loss. Have a contract and stock power executed to support the transaction.