Patricia purchased a home on January 1, 2017 for $1,250,000 by making a down payment of $100,000 and financing the remaining $1,150,000 with a 30-year loan, secured by the residence, at 6 percent. During 2017-2019, Patricia made interest-only payments on the loan of $69,000. What amount of the $69,000 interest expense that Patricia paid during 2019 may she deduct as an itemized deduction?

a - $0

b - $9,000

c - $60,000

d - $69,000