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Calvin purchased a 40% partnership interest for $44,000 in February 2014. His share of partnership income in 2014 was $23,000, in 2015 was $26,000, and

Calvin purchased a 40% partnership interest for $44,000 in February 2014. His share of partnership income in 2014 was $23,000, in 2015 was $26,000, and in 2016 was $14,000. He made no additional contributions to, or withdrawals from, the partnership. On December 18, 2016, Calvin sold his partnership interest for $109,000.

What is his gain or loss on the sale of his partnership interest?

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