Font Paragraph Styles (3) Newlyweds Mary and Harry were so desperate to buy their dream home that they swallowed their pride and asked Mary's mother for help (Mary's mother also was a newlywed - she had just gotten remarried to Mr. Moneybags). Mary and Harry's dream home cost $1.2 million. Mary's mother gave them $300,000 outright and loaned them the other $900,000. As CPAs, Mary and Harry knew enough to get a lawyer and title company involved in order to do it right and in fact the documentation and recording of the $900,000 mortgage loan was proper in all respects. Additional facts Both the purchase of the house and the loan from Mary's mother closed on May 1, 2019. The note to Mary's mother was at 4% Mary and Harry paid $25,000 interest to Mary's mother during 2019 Mary's mother properly reported the mortgage interest on Form 1098. Mr. Moneybags, whose money it really was that was loaned to Mary and Harry, insisted that Mary's mother have her name included on the deed to the house. And so it happened that the deed listed Mary, Harry, and Mary's mother as joint owners (but in that order). Included among the papers signed on May 1, 2019, was a "side letter" (notarized but not recorded) by which Mary's mother affirmed that her name was on the deed solely as additional security for the $900,000 loan and (ii) she undertook to have her name removed from the deed as soon as the loan was fully repaid. What amount, if any, will you enter as mortgage interest into your tax return preparation software for Mary and Harry's 2019 MFJ retum