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Ted,who Is Single,owns a Personal Residence in the City

Question 82

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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 2014,he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile.During 2014,he paid the following amounts of interest: 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 2014,he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile.During 2014,he paid the following amounts of interest:   What amount,if any,must Ted recognize as an AMT adjustment in 2014? A) $0 B) $4,800 C) $6,200 D) $11,000 E) None of these What amount,if any,must Ted recognize as an AMT adjustment in 2014?


A) $0
B) $4,800
C) $6,200
D) $11,000
E) None of these

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