48. LO.3 Walter, who is single, owns a personal residence in the city. He also owns a cabin near a ski resort in the mountains. He uses the cabin as a vacation home. In August 2013, he borrowed $60,000 on a home equity loan and used the proceeds to reduce credit card obligations and other debt. During 2013, he paid the following amounts of interest:
On his personal residence $16,000 On the cabin 7,000 On the home equity loan 2,500 On credit card obligations 1,500 On purchase of an SUV 1,350 What amount, if any, must Walter recognize as an AMT adjustment in 2013?