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Sierra gets a Home mortgage loan for $900,000, as part of her purchase of a new house near GreenLake for $1,000,000. During 2022, she paid

Sierra gets a Home mortgage loan for $900,000, as part of her purchase of

a new house near GreenLake for $1,000,000. During 2022, she paid a total of $36,000 in interest to the bank on this loan. How much can she claim for her home mortgage interest expense on Schedule A ?

a. $36,000

b. $30,000

c. $27,000

d. $18,000

18. Sierra also had to pay $12,000 in real-property taxes on this new home for 2022. How much can she claim on Schedule A? (Hint check the Instructions for Schedule A)

a. $12,000

b. $10,000

c. $ 8,000

d. $ 6,000

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