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19. LO.5 Miller owns a personal residence with a fair market value of $195,000 and an out- standing first mortgage of $157500, which was used

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19. LO.5 Miller owns a personal residence with a fair market value of $195,000 and an out- standing first mortgage of $157500, which was used entirely to acquire the resi- dence. This year, Miller gets a home equity loan of $10,000 to purchase a new fishing boat. How much of this mortgage debt is treated as qualified residence indebtedness

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