TB ES Qu. 14-96 Leticia purchased a home on July 1, 2017 for $200,000... Leticia purchased a home on July 1 2017 for $200,000. She paid $180.000 down and financed the remaining $20,000. On January 1.2019 when the outstanding balance of her mortgage was $15.000 and her home was valued at $300.000, Leticia refinanced her home for $200.000. With the $200.000 loan, she paid off the remaining $15.000 balance of her original mortgage, she used s35,000 to substantially improve her home and she used the remaining $150.000 for purposes unrelated to her home. During 2021, Leticia made interest-only payments of $15.000 on the loan. What amount of the $15,000 interest expense is Leticia allowed to deduct in year 2021