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Jeff purchases a new home during the year by borrowing $300,000 from First National Bank. He pays $3,000 in points $14,000 in interest during the

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Jeff purchases a new home during the year by borrowing $300,000 from First National Bank. He pays $3,000 in points $14,000 in interest during the year. What is Jeff's allowable interest deduction? Select one: O a. $14,000 O b. $15,800 O c. $3,000 O d. $17,000

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