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Miller owns a personal residence with a fair market value of $339,050 and an outstanding first mortgage of $271,240, which was used entirely to acquire

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Miller owns a personal residence with a fair market value of $339,050 and an outstanding first mortgage of $271,240, which was used entirely to acquire the residence. This year, Miller gets a home equity loan of $16,953 to purchase a new fishing boat. How much of this mortgage debt is treated as qualified residence indebtedness? S

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