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Gerry makes a $4,000 monthly mortgage payment on his personal residence. Of this amount, $3,400 represents interest, $400 represents property tax and $200 represents a

Gerry makes a $4,000 monthly mortgage payment on his personal residence. Of this amount, $3,400 represents interest, $400 represents property tax and $200 represents a payment on the principal.

How much of this payment is deductible from AGI assuming Gerry will itemize his deductions?

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