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

Question 99

Multiple Choice

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 2010,he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile.During 2010,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 2010,he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile.During 2010,he paid the following amounts of interest: What amount,if any,must Ted recognize as an AMT adjustment in 2010? A) $0. B) $4,800. C) $6,200. D) $11,000. E) None of the above. What amount,if any,must Ted recognize as an AMT adjustment in 2010?


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

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