Ms. Ruang, a single taxpayer, purchased her principal residence on August 19, 2024 and financed the purchase with a mortgage secured by the residence. In 2024, the average balance of the mortgage was $817,000, and Ms. Ruang paid $35,000 of mortgage interest. How much of this interest is an itemized deduction?
Multiple Choice
$0
$20,270
$32,130
$35,000