LO 5.3 10. Ken paid the following amounts for interest during 2010:

Qualified interest on home mortgage $4,700 Auto loan interest 850

‘‘Points’’ on the mortgage for acquisition of his personal residence 300 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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10 Home mortgage interest and points reported to you on Form 1098 10 11 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see page Interest You Paid (See page A-4.) Note. Your mortgage interest 12 deduction may be limited page A-4). A-4 and show that person's name, identifying no., and address Points not reported to you on Form 1098. See page A-4 for special rules. 13 Mortgage insurance premiums (see page A-4). 14 Investment interest. Attach Farm 4952 if required. (See page A-5.) 15 Add lines 10 through 14.. 11 12 223 13 14 15