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4) Joe Taxpayer purchases a home to live in 2022 for $1,200,000, obtaining a loan of $1,000,000. The interest on the loan was $10,000. The

4) Joe Taxpayer purchases a home to live in 2022 for $1,200,000, obtaining a loan of $1,000,000. The interest on the loan was $10,000. The deduction relating to the mortgage interest would be a. $10,000 b. $9000 c. $8333 d. $7500

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