LTIPLE CHOICE. Choose the one a ternative that best complete the statemen' CL " desu . 33) Steve and Marian purchase a new condominium in Manhattan on February 1, 2018 to use as 1 their primary residence. The purchase price of the condominium is $1.5 million. The couple obtained a s1.0 million mortgage from the bank and paid the balance in cash. On their joint tax return the couple will be allowed an itemized deduction for interest expense on a principal balance of up to A) $500,000. B) $1.0 million. C) $750,000. D) $1.5 million