Earl took out a mortgage on his home for $250,000 in 2010. He filed as single for 2020. In April 2020, when the home had a fair market value of $430,000, Earl took out a home equity loan for $140,000. He used the proceeds as follows: $90,000 for home improvements $30,000 for payment of credit card debt $20,000 for purchase of securities that produce tax-free income How much of the $140,000 loan would produce deductible mortgage interest in 2020?

• A.$140,000

• B.$120,000

• C.$0

• D.$90,000