Fran Paid the Following Amounts of Interest During 2019 Calculate the Amount of Fran's Interest Deduction for 2019

question 33

Essay

Fran paid the following amounts of interest during 2019: $$\begin{array} { l r } \text { Qualified home mortgage interest } & \$ 7,000 \\\text { Automobile loan interest } & \$ 500 \\\text { Qualified interest on second residence } & \$ 5,000 \\\text { Credit card interest } & \$ 300\end{array}$$ Calculate the amount of Fran's interest deduction for 2019.

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