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Veronica and Manny Dunn, married taxpayers, obtained a mortgage in the amount of $ 5 5 0 , 0 0 0 in January of 2
Veronica and Manny Dunn, married taxpayers, obtained a mortgage in the amount of $ in January of when they purchased their house in Chatsworth. In December of the same year, Veronica and Manny took out a home equity loan for $ They used the funds to pay for a year long around the world trip to celebrate their th anniversary. What is the maximum loan amount on which the Dunns can deduct interest?
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