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?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
?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 ?she borrowed $ ?on a home equity loan and used the proceeds to pay off credit card obligations and other debt. She paid the following in :
Mortgage interest personal residence ?$
Mortgage interest cottage
Interest on the home equity loan
Interest on credit card
Calculate any AMT adjustment concerning interest in
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