Mathematics, 10.12.2020 21:10 VamPL

Maryanne brings in four Forms 1098 with mortgage interest for the following properties: First mortgage on her home: $157,350 balance with interest paid of $6,294. Equity debt on her home: highest balance for year of $47,000 (all used for home improvements) with interest paid of $1,880. Mortgage on her vacation home: $99,000 balance with interest of paid of $4,455. Mortgage on her rental property: $142,300 balance with interest paid of $6,403. How much is she able to deduct on Schedule A for interest reported on these forms?

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Maryanne brings in four Forms 1098 with mortgage interest for the following properties: First mortga...