Ken paid the following amounts for interest during 2012: Qualified interest on home mortgage...........................................$4,700 Auto loan interest.....................................................................850
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Ken paid the following amounts for interest during 2012:
Qualified interest on home mortgage...........................................$4,700
Auto loan interest.....................................................................850
''Points'' on the mortgage for acquisition of his personal residence...........300
Service charges on his checking account............................................40
Mastercard interest....................................................................300
Calculate Ken's itemized deduction for interest on the following portion of Schedule A.
![Ken paid the following amounts for interest during 2012:
Qualified interest](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images13/1124-B-A-I-T(2272).png)
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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