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COOK Printem Problem 5-23 Interest (LO 5.8) Ken paid the following amounts for interest during 2020: Qualified interest on home mortgage per Form 1098 $6,023 Auto loan interest 850 "Points on the mortgage for acquisition of his 360 personal residence per form 1098 Home equity loan interest (proceeds used to pay for 500 college) Mastercard interest 300 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 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions You Paid and check this box a Home mortgage interest and points reported to you on Form 1098 See Caution: Instructions if limited Your mortgage interest b Home mortgage interest not reported to you on Form 1098. See deduction may instructions if limited. If paid to the person from whom you bought the be limited (see home, see Instructions and show that person's name, identifying no.. instructions), and address Ba 8b c Points not reported to you on Form 1098. See instructions for special rules Bd d Mortgage Insurance premiums (see instructions) Previous Next 100% 3/10/202 O G C 360 *Points" on the mortgage for acquisition of his personal residence per Form 1098 Home equity loan interest (proceeds used to pay for college) Mastercard interest 500 300 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 & Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions You Paid and check this box Caution: a Home mortgage interest and points reported to you on Form 1098 See Instructions if limited Your mortgage interest b Home mortgage interest not reported to you on Form 109G. See deduction may instructions if limited. If paid to the person from whom you bought the be limited (see home, see instructions and show that person's name, identifying no. Instructions), and address Bb 80 c Points not reported to you on Form 1098. See Instructions for special rules d Mortgage insurance premiums (see instructions) Add lines Ba through Sd .. 9 Investment interest. Attach Form 4952 if required. See Instructions, 10 Add lines Be through 9.. + 9 10 Previous Next 9211 100% O CO COOK Printem Problem 5-23 Interest (LO 5.8) Ken paid the following amounts for interest during 2020: Qualified interest on home mortgage per Form 1098 $6,023 Auto loan interest 850 "Points on the mortgage for acquisition of his 360 personal residence per form 1098 Home equity loan interest (proceeds used to pay for 500 college) Mastercard interest 300 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 8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions You Paid and check this box a Home mortgage interest and points reported to you on Form 1098 See Caution: Instructions if limited Your mortgage interest b Home mortgage interest not reported to you on Form 1098. See deduction may instructions if limited. If paid to the person from whom you bought the be limited (see home, see Instructions and show that person's name, identifying no.. instructions), and address Ba 8b c Points not reported to you on Form 1098. See instructions for special rules Bd d Mortgage Insurance premiums (see instructions) Previous Next 100% 3/10/202 O G C 360 *Points" on the mortgage for acquisition of his personal residence per Form 1098 Home equity loan interest (proceeds used to pay for college) Mastercard interest 500 300 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 & Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions You Paid and check this box Caution: a Home mortgage interest and points reported to you on Form 1098 See Instructions if limited Your mortgage interest b Home mortgage interest not reported to you on Form 109G. See deduction may instructions if limited. If paid to the person from whom you bought the be limited (see home, see instructions and show that person's name, identifying no. Instructions), and address Bb 80 c Points not reported to you on Form 1098. See Instructions for special rules d Mortgage insurance premiums (see instructions) Add lines Ba through Sd .. 9 Investment interest. Attach Form 4952 if required. See Instructions, 10 Add lines Be through 9.. + 9 10 Previous Next 9211 100% O CO