On May $9,2022,$ Calvin acquired $250$ shares of stock in Hobbes Corporation, a new startup company, for $$68,750.$ Calvin acquired the stock

directly from Hobbes, and the stock qualifies as $1244$ stock $($at the time Calvin acquired his stock, the corporation had $$900,000$ of paid$-$

in capital$).$ On January $15,2024,$ Calvin sold all of his Hobbes stock for $$7,000.$

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:

In the current year, Ming invests $$30,000$ in an oil partnership. He has taxable income for the current year of $$2,000$ from the oil

partnership and withdraws $$10,000.$

What is Ming's at$-$risk amount at the end of the year?

In the current year, Ming invests $$30,000$ in an oil partnership. He has taxable income for the current year of $$2,000$ from the oil

partnership and withdraws $$10,000.$

What is Ming's at$-$risk amount at the end of the year?