Ken paid the following amounts for interest during 2015: Qualified interest on home mortgage ............................ $4,700 Auto
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Qualified interest on home mortgage ............................ $4,700
Auto loan interest ................................................... 850
"Points" on the mortgage for acquisition of his ................. 400
personal residence
Service charges on his checking account ......................... 40
Mastercard interest .................................................. 300
Calculate Ken's itemized deduction for interest on the following portion of Schedule A.
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Related Book For
Income Tax Fundamentals 2016
ISBN: 9781337343527
34th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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