Walter, who is single, owns a personal residence in the city. He also owns a cabin near a ski resort in the mountains. He uses the cabin as a vacation home. In August, Walter borrowed $60,000 on a home equity loan and used the proceeds to reduce credit card obligations and other debt. This year, he paid the following amounts of interest.
On his personal residence ................................... $16,000
On the cabin ..................................................... 7,000
On the home equity loan ....................................... 2,500
On credit card obligations .................................... 1,500
On the purchase of personal-use SUV ...................... 1,350
What amount, if any, must Walter recognize as an AMT adjustment?