Jackie Bryson borrows $$300,000$ and invests the entire amount in the shares of Rollin Inc. Nine months later, he sells these shares for $$160,000.$ The proceeds of the sale are used to pay off $$160,000$ of the loan, leaving an ongoing balance of $$140,000.$

True or false: he can continue to deduct the interest payments on this $$140,000$ balance.

$$ True

False