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

question 36

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 2012, he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile.During 2012, he paid the following amounts of interest: What amount, if any, must Ted recognize as an AMT adjustment in 2012?

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

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