The taxpayers home has a FMV of $700,000. The current balance on their mortgage loan is $500,000. The taxpayer taxes out a home equity loan to purchase the following items. Which of the following items is considered an unsecured election for purposes of deducting mortgage interest?

a) Home equity loan, secured by the home, taken out to purchase new appliances, flooring, and fixtures for the home. The loan amount is $150,000.

b) Home equity loan, secured by the home, taken out to build a pool house, bar, and an inground pool. The loan amount is $200,000.

c) Home equity loan taken out to purchase a prefabricated garage and a new truck. The loan is secured by the garage and truck. The loan amount is $175,000

d) Home equity loan taken out to purchase a boat as a vacation home (meets all qualifications) and to build a garage at his home. The loan is secured by the home and is $150,000.