[单选题]
On December 1 of the prior year, Michaels, a self-employed cash basis taxpayer, borrowed USD100,000 to use in her business. The loan was to be repaid on November 30 of the current year. Michaels paid the entire interest of USD12,000 on December 1 of the prior year. What amount of interest was deductible on Michaels' current year income tax return?
A .USD 0
B .USD 1,000
C .USD 11,000
D .USD 12,000
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