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Greg Grove pays $63500 interest in 2022 on his mortgage on his principal residence. It...

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Accounting

Greg Grove pays $63500 interest in 2022 on his mortgage on his principal residence. It has an interest rate of 5 percent and balance of $1270000 during the year. He took out the mortgage in 2021. How much of this interest is deductible on Gregs tax return for 2022? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.]

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