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Problem 5-24 Interest (LO 5.8) Ken paid the following amounts for interest during 2022: The amount of debt secured by Ken's home is less than
Problem 5-24 Interest (LO 5.8) Ken paid the following amounts for interest during 2022: 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. If a line item is zero, enter "0". Enter all amounts as positive numbers. If a line item is zero, enter "0". Enter all amounts as positive numbers. Interest You Paid Caution: Your mortgage interest deduction may be limited (see instructions). 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 and check this box . . . . . . . . . . . . . a Home mortgage interest and points reported to you on Form 1098. See instructions if limited 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 c Points not reported to you on Form 1098. See instructions for special rules d Mortgage insurance premiums (see instructions) e Add lines 8 a through 8d 9 Investment interest. Attach Form 4952 if required. See instructions
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