Question 2 Not yet answered Points out of 2.00 P Flag question Which of the following is a true statement? Select one: O A. Taxpayers may deduct interest on up to $1,000,000 of home-equity debt. O B. The deduction for investment interest expense is not subject to limitation. OC. A taxpayer who incurs acquisition indebtedness in 2023 may only deduct interest on up to $750,000 of acquisition indebtedness. OD. Taxpayers may only deduct interest on up to $1,500,000 of acquisition indebtedness.

Notyetanswered Points out of 200 P Flagquestion Which of the following is a true statement? Select one: A. Taxpayers may deduct interest on up to $1,000,000 of home-equity debt. B. The deduction for investment interest expense is not subject to limitation. C. A taxpayer who incurs acquisition indebtedness in 2023 may only deduct interest on up to $750,000 of acquisition indebtedness. D. Taxpayers may only deduct interest on up to $1,500,000 of acquisition indebtedness