Alexi's bought a home for $1,000,000 during year 1. She made a$200,000 down payment and financed the other $800,000. This home isher only residence. Assume that by year 10 her home had appreciatedto $1,5000,000 and the balance on her mortgage was down to$600,000, interest rates had gone down and Alexis refinanced herhome. She borrowed $1,000,000 and paid off her first mortgage. Sheused the remaining $400,000 for projects unrelated to her home. Howmuch is her qualifying home-related debt for tax purposes?
The country its been taxed on is irrelevant
