Enter problem statement appropriate input type, and other instruction here Merv has a basis in his ABCerer Partnership Interest on January 1, 2018 of 580,000 He materialy participates in the partnership.md therefore the passive activity los nudes do not apply Merv received a showing his share of partnership short term capital gains of $10,000 his share taken income of $20.000 and his where of ordinary loss of $120.000 How much of the ordinary los may Merv deduct on his 2013 federal income tax retur? OA $110,000 B. $120,000 OC 500,000 OD $60,000