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Lewis and Laurie are married and jointly own a home valued at $$240,000.$ They recently paid off the mortgage on their home. The couple borrowed money from the local credit union in January of $2023.$ How much interest may the couple deduct in each of the following alternative situations? $($Assume they itemize deductions no matter the amount of interest.$)$

Note: Leave no answer blank. Enter zero if applicable.

a$.$ The couple borrows $$40,000,$ and the loan is secured by their home. The credit union calls the loan a "home equity loan." Lewis and Laurie use the loan proceeds for purposes unrelated to the home. The couple pays $$1,600$ interest on the loan during the year, and the couple files a joint return.