topic Why is it telling me that my mortgage interest credit isn't ready yet? in Deductions & credits

Why is it telling me that my mortgage interest credit isn't ready yet?

beschout — Mon, 27 Jan 2020 15:51:26 GMT

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

KathrynG3 — Mon, 27 Jan 2020 18:27:44 GMT

Were you expecting a mortgage interest certificate? I cannot see your return in this forum, but suspect the mortgage interest credit was triggered instead of mortgage interest expense.

From the left navigation pane, go to Federal>Deductions&Credits>scroll down to Mortgage Interest Credit.

If you actually do not have this, click Edit next to this line>Remove by clicking on the Trash can Icon.

Instead, go to the mortgage interest expense. It is listed under the "Your Home" category and will follow the Form 1098 details.

After entering in all your details, TurboTax will automatically calculate the largest deductions for you.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

dands6 — Tue, 28 Jan 2020 17:19:21 GMT

Turbo Tax is telling me the same thing. I have a Mortgage Interest Credit Certificate and have for 5 years. It is also telling the form to claim this Form 8396 is not ready, but you can download it off the IRS website.

Maybe the IRS is not letting people who claim this deduction to file yet.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

DoninGA — Tue, 28 Jan 2020 17:21:53 GMT

@dands6 wrote:

Turbo Tax is telling me the same thing. I have a Mortgage Interest Credit Certificate and have for 5 years. It is also telling the form to claim this Form 8396 is not ready, but you can download it off the IRS website.

Maybe the IRS is not letting people who claim this deduction to file yet.

Form 8396, Mortgage Interest Credit - Estimated date available 01/29/2020

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

Damwarre — Tue, 08 Feb 2022 13:05:58 GMT

Hey! This is happening to me this year, just wondering, how did it get resolved for you guys?

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

Damwarre — Tue, 08 Feb 2022 13:06:58 GMT

How did you resolve this? The same thing is happening to me now.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

RaifH — Tue, 08 Feb 2022 13:33:03 GMT

The IRS is not yet ready to accept returns filed with Form 8396 for the Mortgage Interest Credit in 2021. This webpage has the latest information for the anticipated availability of various forms. Form 8396 currently has an estimated date of March 3, 2022.

To complete this form, you will need the issuer name, the certificate number, the credit rate, and the issue date.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

mimiol — Tue, 08 Feb 2022 14:56:06 GMT

What is the reason for this delay? In past years I have been able to file my return including Form 8396 in late January/early February.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

GP2492 — Tue, 08 Feb 2022 18:39:23 GMT

I'm wondering the same thing as I've never had to wait until March in previous years of filing...

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

RobertB4444 — Tue, 08 Feb 2022 21:20:36 GMT

The IRS started this filing season further behind than they have ever been in history. Dealing with the IRS this year is not the same as the IRS of past years.

This is the national taxpayer advocate's report to Congress for this year. It's got a lot of information in it but its biggest takeaways are that the IRS started 2021's filing season with 6 million 2020 returns, 2.3 million amended returns, 5 million quarterly returns and 5 million pieces of correspondence unprocessed. That was how they started the year.

It's just getting more interesting from there.

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

Natalee143 — Thu, 10 Feb 2022 00:38:17 GMT

that is not true. other filing platforms and tax preppers are having no issue with mortgage credit forms to file it is just turbo tax

Re: Why is it telling me that my mortgage interest credit isn't ready yet?

bringitonhome06 — Fri, 11 Feb 2022 00:02:31 GMT

Explains the tricky e mail that told me my forms were ready all I had to do way pay BS, paid and surprise not that form, afraid we'd all figure that out and file with another company? Not an unusual form to have, so makes NO sense.