Calculate her interest deduction, if any, on schedule a

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Question: In the current year, Anita Mann, a single individual filing head of household, bought a main home and paid interest of $20,000 on a $500,000 mortgage on the home. She also purchased a second home and paid interest of $12,000 on a $350,000 mortgage. In addition, she paid finance charges of $1,600 on a personal bank credit card used to buy new furniture for the homes.

Calculate her interest deduction, if any, on Schedule A. If necessary, round your answer to the nearest dollar.

Reference no: EM133346009

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