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QUESTION 2 points This year, Sally, a single taxpayer, purchased a sailboat for $100,000 using a home equity toan of $350,000 on her principal residence.

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QUESTION 2 points This year, Sally, a single taxpayer, purchased a sailboat for $100,000 using a home equity toan of $350,000 on her principal residence. The sailboat does not quality s residence. She has no other debt on her principal residence Sally paid $5,000 of interest on the debt this year. How much of this interest is deductible assuming that Selly ifernizes her deductions? O a. S100,000 b. $10,000 Cc 33,000 d. 0 e. None of the above

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