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Ken paid the following amounts for interest during 2022: >Qualified interest on home mortgage per Form 1098 - $7,300 >Auto loan interest - $800 >Points
Ken paid the following amounts for interest during 2022:
>Qualified interest on home mortgage per Form 1098 - $7,300
>Auto loan interest - $800
>"Points" on the mortgage for acquisition of his personal residence per Form 1098 - $1,100
>Home equity loan interest (proceeds used to pay for an addition to his home) - $1,300
>Mastercard interest - $300
The amount of debt secured by Ken's home is less than $700,000. Calculate Ken's itemized deduction for interest on the following portion of Schedule A.
8. Home mortgage interest and points.
a. Home mortgage interest and points reported to you on Form 1098. $_____
b. Home mortgage interest not reported to you on Form 1098.
c. Points not reported to you on Form 1098.
d. Mortgage insurance premiums.
e. Add lines 8a through 8d. $______
9. Investment interest.
10. Add lines 8e through 9. $______
Need 8a, 8e, and 10.
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