Mr. Tolen made the following interest payments. Determine the extent to which he can deduct each payment on his Form 1040.

A. $4,600 on credit card debt.

B. $14,100 on a $210,000 mortgage secured by his vacation home in Key West. Mr. Tolen incurred the mortgage to purchase this second home.

C. $1,300 on a $22,000 unsecured loan from a credit union. Mr. Tolen used the loan proceeds to add a boat dock to his Key West home.

D. $2,400 on a $50,000 loan from a bank. Mr. Tolen used the loan proceeds to purchase an interest in Farlee Limited Partnership, which is his only investment asset. This year, Mr. Tolen was allocated a $790 ordinary loss from the partnership.

E. $800 in a $35,000 loan from a car dealership that financed the purchase of Mr. Tolens new family automobile.