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| Murd Corporation, a domestic corporation, acquired a 90% interest in the Drum Company in 2010 for $30,000. During 2013, the stock of Drum was declared worthless. What type and amount of deduction should Murd take for 2013? A. Long-term capital loss of $30,000. B. Long-term capital loss of $15,000. C. Long-term capital loss of $3,000. D. Ordinary loss of $30,000. |