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Ken paid the following amounts for interest during 2010:

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
Mastercard interest 300

find out Ken's itemized deduction for interest on Schedule A.

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948795

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