Error Message: Deductible Home Mortgage Interest Wks: This form has not been finalized for returns with two or more mortgages and limited mortgage interest. We expect this form to be available after February 17th.
Adding the screenshot right here. This is 100% a software issue, and we cannot file until TT fixes it.
The problem is that if you have more than two mortgages, the worksheet that is currently loaded by TurboTax in their software cannot handle it. In the other thread, the solution stated that you should combine the two 1098s into one.
The accepted solution does not properly account for mortgage acquisition dates for two new loans.
Scenario: You get two 1098s for Two Mortgages that you picked up in 2021.
Mortgage 1 - Primary Home
- Acquisition Date: April 1, 2021
- Loan Amount: 600K
- Interest Paid: 9500
Mortgage 2 - Second Home (Still deductible)
- Acquisition Date: August 1, 2021
- Loan Amount: 500K
- Interest Paid: 5500
If you combine both of them in one 1098, how will you account for the mortgage acquisition date question?
On Feb 18th - I spent two hours today on the phone with an agent / escalated to another supervisor.
The agent I spoke to confirmed that she escalated with "Tier 2 Support" and confirmed that there is an investigation in place to fix this issue, and that I will receive an email when they fix it.
TT, please help fixing this error
