Question: Problem 14-46 (LO 14-3) (Static) Skip to question [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on

Problem 14-46 (LO 14-3) (Static) Skip to question [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) Problem 14-46 Part a (Static) a. Assuming year 1 is 2017, how much interest would the Sanchezes deduct in year 2

Maximum deductible interest expense

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