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In the Current Year, the Taxpayer Paid $5,000 in Mortgage

Question 15

Multiple Choice

In the current year, the taxpayer paid $5,000 in mortgage interest on a primary residence, $1,500 mortgage interest on a vacation home, and $2,000 in loan interest on a recreational vehicle with sleeping, cooking, and toilet facilities. What is the taxpayer's maximum mortgage interest deduction?


A) $5,000
B) $6,500
C) $7,000
D) $8,500

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