Personal itemized Deductions 5-25 9. Home Mortgage Interest. (Obj. 4) The Hemphills own three homes. Their main home is located in Pittsburg. They also own condos in Las Vegas and Tampa. The amount of acquisition debt! and interest paid on each property is shown below. Location of Home Pittsburg Las Vegas Tampa Acquisition Debt $140,000 440,000 400,000 Interest Paid $ 8,330 21,555 23,443 a. Compute the Hemphills' home mortgage interest deduction. b. How would your answer to Part a. change if the Pittsburg home were fully paid for, and the Hemphills only had mortgages on the two vacation homes