1. Ted, who is single, owns a personal residence in the city. He also owns a condo near the ocean. He uses the condo as a vacation home. In March, he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile. During the year , he paid the following amounts of interest.

	On his personal residence	$15,500
	On his condo	6,200
	On the home equity loan	4,800
	On credit card obligations	1,700

What amount, if any, must Ted recognize as an AMT adjustment for the year?

	a.	$0
	b.	$4,800
	c.	$6,200
	d.	$11,000

I chose B. It was wrong but I would like to know what the correct answer was.