Ken paid the following amounts for interest during 2014: Qualified interest on home mortgage $4,700 Auto loan
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Question Posted: