4. Cindy sold her GE stock to her brother Jeff for $1,200. She bought the stocks for $1,500.

a. How much is Cindys deductible loss?

b. later, Jeff sold the stock to the third unrelated party for $1,500. What is Jeffs gain or loss?

c. If Jeff sold the stock to the third unrelated party for $1,000, what is Jeffs gain or loss?