Wilber owns a primary residence, a second home, and a skiing house in sun valley, idaho which

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Question:

Wilber owns a primary residence, a second home, and a "skiing" house in sun valley, idaho which he intends to refinance. you explain that he may be able to deduct interest paid on a house other than his main or second home. however, to take advantage of this special provision, wilber would need to use the loan proceeds for:

a) Business or investment purposes.

b) Retirement purposes.

c) Education for his children.

d) Living expenses.