Question: Jamal is single. He borrowed $ 9 0 0 , 0 0 0 and purchased a new main home in March of 2 0 2

Jamal is single. He borrowed $900,000 and purchased a new main home in March of 2020. He will be itemizing his deductions. On what portion of the acquisition debt will interest be deductible on Jamal's 2023 tax return?
$375,000
$500,000
$750,000
$900,000

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