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This year, Major Healy paid $33,750 of interest on a mortgage on his home (he borrowed...

This year, Major Healy paid $33,750 of interest on a mortgage on his home (he borrowed $675,000 to buy the residence in 2015; $775,000 original purchase price and value at purchase), $5,250 of interest on a $105,000 home equity loan on his home (loan proceeds were used to buy antique cars), and $6,250 of interest on a mortgage on his vacation home (borrowed $125,000 to purchase the home in 2010; home purchased for $312,500). Major Healy’s AGI is $220,000. How much interest expense can Major Healy deduct as an itemized deduction?

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