Elaine is an executive for a large pharmaceutical company and is required to travel to England frequently for business. On January 1, 2020, she bought a residence in North Carolina and a cottage in England. Her acquisition indebtedness is $700,000 for both residences and during 2020 she paid interest of $28,000. In addition, she placed a home equity loan of $100,000 on her North Carolina residence, which she used to buy furniture, a new car, clothing, and travel. The interest relative to the home equity loan was $6,000. Elaine had credit card interest of $3,000 and paid service fees on several accounts of $400. What is Elaine's deduction for interest in 2020