Question: The Browns borrowed $ 2 0 , 0 0 0 , secured by their home, to pay their son's college tuition. At the time of

The Browns borrowed $20,000, secured by their home, to pay their son's college tuition. At the time of the loan, the fair market value of their home was $400,000, and it was unencumbered by other debt. The interest on the loan qualifies as:
A.
Deductible personal interest.
B.
Deductible qualified residence interest.
C.
Nondeductible interest.
D.
Investment interest expense.

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