57.Barbara is single and owns a home in the city, which is her primary residence. She also owns a cottage at the beach, which she treats as a vacation home. In April 2014, she borrowed $50,000 on a home equity loan and used the proceeds to pay off credit card obligations and other debt. She paid the following in 2014:
Mortgage interest (personal residence)……… $15,000
Mortgage interest (cottage)…………………….. 8,000
Interest on the home equity loan………………. 5,000
Interest on credit card…………………………. 2,500
Calculate any AMT adjustment concerning interest in 2014.