Question

Ken paid the following amounts for interest during 2014:
Qualified interest on home mortgage $4,700 Auto loan interest.......... 850
“Points” on the mortgage for acquisition of his............... 300
personal residence
Service charges on his checking account................... 40
Master card interest........................... 300
Calculate Ken’s itemized deduction for interest on the following portion of Schedule A.


$1.99
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  • CreatedJuly 16, 2015
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