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Jacob, a single filer, took out a home mortgage of $800,000 in 2021 to purchase a home and a home equity loan of $150,000 in
Jacob, a single filer, took out a home mortgage of $800,000 in 2021 to purchase a home and a home equity loan of $150,000 in 2022 to make substantial improvements to it. How much can he deduct for interest on his federal and California returns
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