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In 2018 Taxpayer purchased a home for $500,000 and will use the home as his principal residence. He paid $50,000 down and obtained a $450,000

In 2018 Taxpayer purchased a home for $500,000 and will use the home as his principal residence. He paid $50,000 down and obtained a $450,000 mortgage. Will Taxpayer be entitled to a deduction for the interest he pays on the mortgage

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