Question: 1 6 - A first - time home buyer has taken advantage of low interest rates and purchased a home for $ 1 5 0

16- A first-time home buyer has taken advantage of low interest rates and purchased a home for $150,000, with a $30,000 down payment. which of the following state
A- The buyer will always have a lower income tax bill due to deduction of the mortgage interest.
B- The buyer will be able to deduct the mortgage interest, real estate taxes, plus all repairs and maintenance.
C- The mortgage interest and real estate taxes will be deductible if the buyer itemizes the deduction
D- There will be no allowable deductions, since there was a 20% down payment made on the property

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