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How is mortgage interest treated for tax purposes? How does it differ from auto loan interest? (Select the best answer below.) Mortgage interest is deductible

How is mortgage interest treated for tax purposes? How does it differ from auto loan interest?

(Select the best answer below.)

		Mortgage interest is deductible if you itemize. In contrast, auto loan interest is only deductible if you do not itemize.
		Mortgage interest is deductible if you do not itemize. In contrast, auto loan interest is deductible if you itemize.
		Mortgage interest is deductible if you itemize. In contrast, auto loan interest is not deductible.
		Mortgage interest is not deductible if you itemize. In contrast, auto loan interest is deductible.

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