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This year ( 2 0 2 3 ) , Susan purchased a personal residence at a cost of $ 9 0 0 , 0 0

This year (2023), Susan purchased a personal residence at a cost of $900,000. She borrowed $700,000 secured by the home to make the purchase. This year, she paid interest on the mortgage of $42,000 as shown on her 1098. How much mortgage interest may she deduct as an itemized deduction?

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