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In 2 0 1 9 , Zoya purchased her principal residence for $ 4 0 0 , 0 0 0 . On january 1 5
In Zoya purchased her principal residence for $ On january when she owed $ on the original morgate, she took out a home equity loan. In january the fair market value of the house was $ Th home equity loan proceeds were used to purchase a new car and pay off credi cards. It was not used to build, buy, or improve her home. During the year, she paid $ interest on her first morgate and $ in interest on the home equity loan. What amount of morgate interest can Zoya deduct on her schedule A
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