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On May 9, 2019, Calvin acquired 750 shares of stock in Hobbes Corporation, a new...

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Accounting

On May 9, 2019, Calvin acquired 750 shares of stock in Hobbes Corporation, a new startup company, for $82,950. 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, 2021, Calvin sold all of his Hobbes stock for $8,295. 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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