On August 1, Year 1, Brenda and Dillon refinanced their mortgage and obtained a new 10-year loan for $300,000. They paid $3,000 (1% of the loan amount) to obtain the favorable rate. On June 1, Year 3, they sold their home and purchased a new home. They obtained another 10-year mortgage for $500,000 and paid $5,000 (1% of the loan amount) to obtain the favorable rate. Points are a normal business practice and were reasonable in the area in which Brenda and Dillon lived. Assuming mortgage payments were made at the end of each month, how much can Brenda and Dillon deduct as points on their Year 3 tax return? Group of answer choices