Business, 25.06.2021 01:00 noname5359

Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She also has a home equity loan of $130,000 that she used to pay for a cruise around the world. The interest on the home equity loan was $8,000. What amount is deductible as interest expense for Renee in 2021

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Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her...

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