Which of the following is a true statement?

Multiple Choice

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

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

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

A taxpayer who incurs acquisition indebtedness in 2018 may only deduct interest on up to $750,000 of acquisition indebtedness.

None of the choices are correct.