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Ken paid the following amounts for interest during 2018: 3 Qualified interest on home mortgage.................$4,800 Auto loan interest.................850 Points on the mortgage for acquisition of
Ken paid the following amounts for interest during 2018: 3
Qualified interest on home mortgage.................$4,800
Auto loan interest.................850
“Points” on the mortgage for acquisition of his personal residence.................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.
Interest You 8 Home mortgage interest and points. If you didn't use all of your Paid Caution: Your mortgage interest deduction may be imited see instructions) 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 8a b 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 8b C Points not reported to you on Form 1098. See instructions for special rules d Reserved. e Add lines 8a through 8c 9 Investment interest. Attach Form 4952 it required. See instructions 8c 8d Be 10 Add lines Be and 9 10
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