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Howard paid $22,000 in mortgage payments in 2023. $15,000 was for interest and $7,000 was for principal. The mortgage was originally $450,000. How much can
Howard paid $22,000 in mortgage payments in 2023. $15,000 was for interest and $7,000 was for principal. The mortgage was originally $450,000. How much can he deduct in 2023 as an itemized deduction for interest?
(a) $15,000
(b) $22,000
$7,000
(d) 0
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