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11 Barbara is single and owns a home in the city, which is her primary residence. She also owns a cottage at the beach, which
11 Barbara is single and owns a home in the city, which is her primary residence. She also owns a cottage at the beach, which she treats as a vacation home. In April 2019, she borrowed $82,500 on a home equity loan and used the proceeds to pay off credit card obligations and other debt. She paid the following in 2019: 5 points Mortgage interest (personal residence) Mortgage interest (cottage) Interest on the home equity loan Interest on credit card $24,750 13,200 8,250 4,125 eBook Required: Calculate any AMT adjustment concerning Interest in 2019. (Input all the values as positive numbers. Leave no cells blank - be certain to enter "O" wherever required.) Print References Regular Taxable Interest Deduction AMT Adjustment Mortgage interest for residence Vacation cottage Home equity loan Credit card Interest S 0 S S 0
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