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Michaela owns a principal residence in Georgia, a townhouse in San Francisco, and a yacht in Cape Cod. All of the properties have mortgages on
Michaela owns a principal residence in Georgia, a townhouse in San Francisco, and a yacht in Cape Cod. All of the properties have mortgages on which Michaela pays interest. What are the limitations on Michaela's mortgage interest deduction? What strategy should Michaela consider to maximize her mortgage interest deduction?
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