Problem 5-10 Interest (LO 5.3)

Ken paid the following amounts for interest during 2017:

Qualified interest on home mortgage per Form 1098	$4,800
Auto loan interest	850
"Points" on the mortgage for acquisition of his personal residence per Form 1098	400
Service charges on his checking account	40
Mastercard interest	300

Calculate Ken's itemized deduction for interest on the following portion of Schedule A.

If a line item is zero, enter "0". Enter all amounts as positive numbers.

Interest You Paid Note. Your mortgage interest deduction may be limited (see instructions).	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 instructions and show that person's name, identifying no., and address
		__________________________________________________________	11
	12	Points not reported to you on Form 1098. See instructions for special rules . . . . . . . . . . . . . . . . . . . . . . . .	12
	13	Reserved . . . . . . . . . . . . . . . . . . . . . . . .	13
	14	Investment interest. Attach Form 4952 if required. See instructions.	14
	15	Add lines 10 through 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .				15