If a condominium owner lives in his condominium and pays all of the following, which of the following would be deductible for federal income tax purposes?
A: The cost of repairing the condominium unit;
B: Any assessments that he pays for the upkeep of recreational facilities;
C: Any interest that he pays on a mortgage for his share of the common areas;
D: All of the above.
Answer: C: Any interest that he pays on a mortgage for his share of the common areas;
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