Interest (LO 5.3) Ken paid the following amounts for interest during 2017: Qualified interest on...
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Interest (LO 5.3) Ken paid the following amounts for interest during 2017: Qualified interest on home mortgage per Form 1098 Auto loan interest Points on the mortgage for acquisition of his $4,800 850 400 personal residence per Form 1098 Service charges on his checking account 40 Mastercard interest Calculate Ken's itemized deduction for interest on the following portion of Schedule A. If a line item is zero, enter "O". Enter all amounts as positive numbers Interest 10 Home mortgage interest and points reported to you on Form 109810 300 You Paid 11 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address Note. Your mortgage interest deduction may 12 Points not reported to you on Form 1098. See instructions for special be limited (see rules ....R instructions). 13 Reserved 12 13 14 14 Investment interest. Attach Form 4952 if required. See instructions 15 Add lines 10 through 14 15
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