Lauren has purchased a home worth $1.5 million with an interest-only mortgage of

$1.2 million. She is currently only paying interest on the mortgage in the amount of

$60,000 per year. What amount may she deduct as home mortgage interest on Schedule A of her individual income tax return?

a. $45,000.

b. $50,000.

c. $55,000.

d. $60,000.