Conner purchased 300 shares of Zinco stock for $30,000 in 2010. On May 23, 2014, Conner sold all the stock to his daughter Alice for $20,000, its then fair market value. Conner realized no other gain or loss during 2014. On July 26, 2014, Alice sold the 300 shares of Zinco for $25,000. a. What amount of the loss from the sale of Zinco stock can Conner deduct in 2014? b. What was Alice's recognized gain or loss on her sale?