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On May 9, 2020, Calvin acquired 550 shares of stock in Hobbes Corporation, a new startup company, for $79,250. Calvin acquired the stock directly from

On May 9, 2020, Calvin acquired 550 shares of stock in Hobbes Corporation, a new startup company, for $79,250. Calvin acquired the stock directly from Hobbes, and it is classified as 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paid-in capital). On January 15, 2022, Calvin sold all of his Hobbes stock for $7,925. Assume that Calvin is single.

Assuming that Calvin is single, determine his tax consequences as a result of this sale.

If an amount is zero, enter "0".

As a result of the sale, Calvin has:

Ordinary loss: $

Short-term capital loss: $

Long-term capital loss: $

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