QUESTION 20 married taxpayers, took out a mortgage on their home for s350.00. 15 years ago. In May of 2018, when the home had a fair Joseph and Sandra, market value of $500,000 and they owed $250,000 on the mortgage, they took out a h purchase a single engine airplane to be used for recreational travel purposes. What is the maximum an home equity interest? ome equity loan for $220,000. They used the funds to ount of debt on which they can deduct b.$100.000 C.$220,000 d.$350,000 e. None of the