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During 2020, Manuel and Gloria, who are not married and live in Beverly Hills, incurred acquisition debt on their new residence of $250.000. On their

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During 2020, Manuel and Gloria, who are not married and live in Beverly Hills, incurred acquisition debt on their new residence of $250.000. On their indvichaal tox returns. What is the amount of qualified acquisition debt on which they can each deduct interest in 20207 Multiple Choice $750,000 $900,000 S1000.000 S100.000

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