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Ted, Who Is Single, Owns a Personal Residence in the City.He

Question 64

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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\begin{array} { l r } \text { On his personal residence } & \$ 15,500 \\\text { On his condo } & 6,200 \\\text { On the home equity loan } & 4,800 \\\text { On credit card obligations } & 1,700\end{array} What amount, if any, must Ted recognize as an AMT adjustment in 2019?


A) $0
B) $4,800
C) $6,200
D) $11,000

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