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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 2019, Zoya purchased her principal residence for $400,000. On january 15,2022, when she owed $360,000 on the original morgate, she took out a home equity loan. In january 2022, the fair market value of the house was $490,000. 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 $6,350 interest on her first morgate and $1,490 in interest on the home equity loan. What amount of morgate interest can Zoya deduct on her schedule A?

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