Problem $5-24$

Interest $($LO $5\mathrm{.}8)$

Ken paid the following amounts for interest during $2023$:

$\backslash$table$[[$Qualified interest on home mortgage per Form $1098,$$$7,300$

Mastercard interest

$300$

The amount of debt secured by Ken's home is less than $$700,000.$ Use the Interest You Paid portion of Schedule A of Form $1040$ from Appendix F to report Ken's itemized deduction for interest.

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 $q,$

c Points not reported to you on Form $1098.$ See instructions for special rules.

d Reserved for future use $q,$

e Add lines $8$ a through $8$ c $q,$

$9$ Investment interest. Attach Form $4952$ if required. See instructions

$10$ Add lines $8$ e and $9.$