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Helen paid the following amounts of interest during the 2011 tax year: Mortgage interest on Dallas residence (loan balance $50,000) $2,025 Automobile loan interest (personal
Helen paid the following amounts of interest during the 2011 tax year:
Mortgage interest on Dallas residence (loan balance $50,000) $2,025
Automobile loan interest (personal use only) 440
Mortgage interest on Vail residence (loan balance $50,000) $3,050
Visa and Mastercard interest $165
Calculate the amount of Helen's itemized deductions for interest (after limitations) for 2011.
Do not copy from Chegg with proper explanation
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