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Which of the following is a true statement? A. Taxpayers may only deduct interest on up to $1,500,000 of acquisition indebtedness. B. Taxpayers may deduct

Which of the following is a true statement?

A. Taxpayers may only deduct interest on up to $1,500,000 of acquisition indebtedness.

B. Taxpayers may deduct interest on up to $1,000,000 of home-equity debt.

C. The deduction for investment interest expense is not subject to limitation.

D. Interest on home-equity debt up to $100,000 is deductible, but not if the loan proceedsare used to buy a new car.E. None of these is true.13. Coleen paid $15,000 of interest on her $300,00

E. None of these is true

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