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Tyler has a mortgage loan on his personal residence. He decides to pay 18 months of interest ($2,000 per month or $36,000 total) in advance
Tyler has a mortgage loan on his personal residence. He decides to pay 18 months of interest ($2,000 per month or $36,000 total) in advance on October 1, 2022. How much of the advance interest payment can he deduct in 2022?
a. $12,000
b. $6,000
c. $24,000
d. $36,000
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