Question: Miler gans a periohal retidence with a fair market value of $ 2 1 4 , 3 5 0 and as outatanding first mortgage of

Miler gans a periohal retidence with a fair market value of $214,350 and as outatanding first mortgage of $171,880, which was used entirely to acquire the repldence. This year, Mller gets a home equity loan of 510,743 bs purchase a new fahing boat for persortal use.
How much of this mortgage debt is treated as qualifed residence indebtedness"
1
Miler gans a periohal retidence with a fair

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