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Senan bought a home in 2012 for $625,000 financing $550,000 of the purchase price with a 30-year mortgage. In 2019 when his existing mortgage balance

Senan bought a home in 2012 for $625,000 financing $550,000 of the purchase price with a 30-year mortgage. In 2019 when his existing mortgage balance was $520,000, he took out another loan for $150,000. He used the proceeds to pay off credit card debt of $40,000 and purchase a car for $85,000; the balance he used to buy an anniversary wedding ring for his wife. In 2019, he paid $30,000 interest on the mortgage and paid interest only of $6,600 on the other loan. What is his deduction for qualified residential interest for 2019?

A.

$6,600.

B.

some other amount.

C.

$30,000.

D.

$36,600.

E.

$34,400.

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