1. A significant use rental property was rented for 82 days and personally used for 15 days. Its mortgage interest is $12,678. How much mortgage interest should be included in Schedule A (itemized deduction) 8b?
2.Susan's home's mortgage interest is $16,250, she used 6.9% of her home for office, how much mortgage interest should she include in Schedule A (itemized deduction) 8b?
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SCHEDULE A Itemized Deductions OMB No. 1545-0074 (Form 1040 or 1040-SR) Go to www.irs.gov/ScheduleA for instructions and the latest information. (Rev. January 2020) 2019 Attach to Form 1040 or 1040-SR. Department of the Treasury Attachment Internal Revenue Service (09Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number 1 3 4 5a 5b 5c 5d Medical Caution: Do not include expenses reimbursed or paid by others. and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040 or 1040-SR, line 8b 2 | Expenses 3 Multiply line 2 by 7.5% (0.075). 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- Taxes You 5 State and local taxes. Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . b State and local real estate taxes (see instructions). c State and local personal property taxes dAdd lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount 7 Add lines 5e and 6 Interest 8 Home mortgage interest and points. If you didn't use all of your home You Paid mortgage loan(s) to buy, build, or improve your home, see Caution: Your instructions and check this box mortgage interest deduction may be a Home mortgage interest and points reported to you on Form 1098. See instructions if limited instructions) b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 5e 6 7 limited (see 8 8b c Points not reported to you on Form 1098. See instructions for special rules d Mortgage insurance premiums (see instructions) e Add lines 8a through 8d. 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9 8C 8d 8e 9 10 SCHEDULE A Itemized Deductions OMB No. 1545-0074 (Form 1040 or 1040-SR) Go to www.irs.gov/ScheduleA for instructions and the latest information. (Rev. January 2020) 2019 Attach to Form 1040 or 1040-SR. Department of the Treasury Attachment Internal Revenue Service (09Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16. Sequence No. 07 Name(s) shown on Form 1040 or 1040-SR Your social security number 1 3 4 5a 5b 5c 5d Medical Caution: Do not include expenses reimbursed or paid by others. and 1 Medical and dental expenses (see instructions) Dental 2 Enter amount from Form 1040 or 1040-SR, line 8b 2 | Expenses 3 Multiply line 2 by 7.5% (0.075). 4 Subtract line 3 from line 1. If line 3 is more than line 1, enter-O- Taxes You 5 State and local taxes. Paid a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . b State and local real estate taxes (see instructions). c State and local personal property taxes dAdd lines 5a through 5c e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) 6 Other taxes. List type and amount 7 Add lines 5e and 6 Interest 8 Home mortgage interest and points. If you didn't use all of your home You Paid mortgage loan(s) to buy, build, or improve your home, see Caution: Your instructions and check this box mortgage interest deduction may be a Home mortgage interest and points reported to you on Form 1098. See instructions if limited instructions) b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address 5e 6 7 limited (see 8 8b c Points not reported to you on Form 1098. See instructions for special rules d Mortgage insurance premiums (see instructions) e Add lines 8a through 8d. 9 Investment interest. Attach Form 4952 if required. See instructions. 10 Add lines 8e and 9 8C 8d 8e 9 10
