Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468

I combined 2 1098s and that seemed to do the trick.  I initially had 6 1098. 

Yes, you encountered the form limitation in TurboTax. The program doesn't support more than five (5) Forms 1098. As you discovered, you needed to combine at least two of those forms to continue. Good job!

How to combine multiple 1098?

Just to clarify, how to combine multiple 1098 from multiple properties (more than 6)?

Please provide some additional information to clarify your question.  You are asking about entering more than 6 Forms 1098 for multiple properties.  How many properties?  Are some of these refinanced or loans that were taken over by other/new financial institutions? Are these Forms 1098 for your home and second home only?

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support. 

Hi, 

 Say 8 properties, 8 1098 forms, no refinance. Primary home, secondary home and investment homes.

Thanks

If each Form 1098 is for a different property, enter the 1098 in the area of the return that applies. 

For your primary and secondary residence, enter those two Forms 1098 under Deductions and Credits. Where prompted by the program, identify which is for the primary and which is for the secondary residence.

For the other properties, if they are rentals, report each Form 1098 under Rental Properties along with other rental expenses for that property.

Other interest expense is only deductible if related to a Schedule C business, or if other investment property, deductions are limited to the extent that you report investment income and by passive activity limits. See this TurboTax tips article and this one for more information.

Hi @MonikaK1 ,

Thanks for the reply. That is exactly what I did. But I still see this error.

I just realized I put some rental's 1098 form in the deduction section. After removing them from deduction section, the error is gone. 

Thanks!

I have more exactly 6- 1098 and I keep getting this error. Any suggestions how to get passed this error message.  All 1098 belong to the same property it was just sold off and refinanced multiple times 

Since you have 6 forms for one property, you can just total the allowed deductible amount and enter it rather than all the forms The IRS looks at your schedule A total and compares it to all the forms. All the entries we ask for is to get the correct deductible amount through worksheets. The worksheets don't go to the IRS. If your house value is higher, the interest may be limited.

Another option is to enter the first and last form and just add the ones in between to those totals. The balance on the house wasn't changing to affect the allowable interest determination. 

Reference: About Publication 936, Home Mortgage Interest Deduction: Home mortgage interest. You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.