195.) The taxpayer borrows $850,000 in 2021 to buy a personal residence. How much interest expense is deductible?

A. None if the taxpayer doesn't itemize because the loan interest was relatively small due to the home being bought late in the year.

B. All the interest is deductible if the taxpayer itemizes.

C. Part of the interest is deductible if the taxpayer itemizes.

D. Only the interest attributable to the first $750,000 of the mortgage, if the taxpayer itemizes