Assuming a participant has never contributed to any of these employer retirement plans, a participant's loan from a qualified plan, Section 403(b) plan, or governmental Section 457 plan for the purpose of purchasing a principal residence is considered qualified residence interest and it is deductible if the participant itemizes. Under what circumstance is this loan interest not deductible?

If the loan is greater than $100,000
If the loan is made to a greater than 5% owner of the employer
If the loan is made to an officer of the company earning more than $185,000 in 2021
If the loan is made to a greater than 1% owner with income greater than $150,000