Walter, who is single, owns a personal residence in the city. He also owns a cabin near a ski resort in the mountains. He uses the cabin as a vacation home. In the current year, he borrowed $60,000 on a home equity loan and used the proceeds to reduce credit card obligations and other debt. During the current year, he paid the following amounts of interest.

Interest on his personal residence	$16,000
Interest on the cabin	7,000
Interest on the home equity loan	2,500
Interest on credit card obligations	1,500
Interest on purchase of an SUV	1,350

Determine the amount of interest that is deductible for regular income tax and AMT purposes.

If an amount is zero, enter "0".

	Regular Income Tax Purposes		AMT Purposes
Personal residence	$fill in the blank 1		$fill in the blank 2
Cabin	fill in the blank 3		fill in the blank 4
Home equity loan	fill in the blank 5		fill in the blank 6
Credit card obligations	fill in the blank 7		fill in the blank 8
SUV	fill in the blank 9		fill in the blank 10
Total	$fill in the blank 11		$fill in the blank 12

What amount, if any, must Walter recognize as an AMT adjustment for interest expense?

Walter has

a positivea negativeno

AMT adjustment of $fill in the blank 14.