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What amount of the loss from the sale Zinco stock deduct

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Question - Connor purchased 300 shares of Zinco stock for $30,000 in Year 6. On May 23, Year 8, Connor sold all the stock to his daughter Alice for $20,000, its then fair market value. Connor realized no other gain or loss during Year 8. On July 26, Year 8, Alice sold the 300 shares of Zinco for $25,000. What amount of the loss from the sale Zinco stock can Conner deduct in Year 8?

Reference no: EM132969078

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