Question: Jamal is single he borrowed $ 9 0 0 , 0 0 0 to purchase a new main home in March 2 0 2 0

Jamal is single he borrowed $900,000 to purchase a new main home in March 2020. He will be itemizing his deductions on what portion of the acquisition debt will interest be deductible on Jamals 2023 tax return 375,000500,000750,000 or 900,000.

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