You and your friend just jointly purchased a new home for $1.5 million. You are paying a simple interest rate of 10% and thus with no principal paid in the year at the end of the year you pay $75,000 in interest expense. Your friend also pays the other $75,000 in interest. After 2017 how much of this is deductible as an itemized deduction on your return? a. $25,000 b. $100,000 c. $125,000 d. $150,000 e. $50,000 f. none because you don't believe in itemizing g. $75,000