Pis pass die Enter problem statement appropriate input type, and other instructions hore Mery has a basis in his ARC General Partnership Interest on January 1, 2019 of $80,000 He materialy partopate in the partnership, and therefore the passive tiy loss run do not apply Merv received at showing his share of partnership short term capital gains $10,000 his share tax exempt income of $20,000 and his share of ordinary loss of $120,000. How much of the ordinary loss may Merv deduct on his 2019 federal income tax return O A $110,000 OR $120.000 OC $90,000 OD $80.000 Pis pass die Enter problem statement appropriate input type, and other instructions hore Mery has a basis in his ARC General Partnership Interest on January 1, 2019 of $80,000 He materialy partopate in the partnership, and therefore the passive tiy loss run do not apply Merv received at showing his share of partnership short term capital gains $10,000 his share tax exempt income of $20,000 and his share of ordinary loss of $120,000. How much of the ordinary loss may Merv deduct on his 2019 federal income tax return O A $110,000 OR $120.000 OC $90,000 OD $80.000