And we know that the Son of God has come and has given us an understanding that we might know Him who is true; and we are in Him who is true, in His Son Jesus Christ. This is the true God and eternal life.
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This refers to the God who has come through incarnation and has given us the ability to know Him as the genuine God and be one with Him (organically) in His Son Jesus Christ. All this is the (genuine) and real God and (eternal) life to us. (All) that this genuine and real God is to us is eternal (life) to us, that we may partake of Him as everything to our regenerated being. (See 1 John 5:20 note 8)