Bob Hardy did the math and discovered he had paid more in state and local sales taxes last year than he did in state and local income taxes. As such, Bob may elect to deduct the sales taxes instead of deducting his income taxes. True False Julian Corrie incurred $1,000,000 of acquisition indebtedness to purchase his principal residence on December 31, 2017. As such, he is allowed to deduct his mortgage interest on the full $1,000,000 True False