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Please go back through the 1098 section and remove any decimal points. Round .50 and up to the next dollar and .49 and less down to the whole dollar.
TurboTax chooses to use rounding.
According to the IRS:
“Computations
The following information may be useful in making the return easier to complete.
Rounding off dollars.
You can round off cents to whole dollars on your return and schedules. If you do round to whole dollars, you must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.
If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.”
Thanks! While the above wasn't what helped in the end, it got me closer to what was needed to resolve this: https://ttlc.intuit.com/community/taxes/discussion/no-outstanding-mortgage-principal-on-1098-form/00...
(e.g. there was a blank field for "Outstanding mortgage principal" in box 2 of one 1098 after the mortgage was bought by a different bank - with its own 1098; yet the error "Amount borrow" missing is really bad as this amount literally isn't asked for anywhere)
Some TurboTax Online customers are getting Error Ref 9-945-263 pertaining to their Deductible Home Mortgage Interest Worksheet when working on their return.
Don’t worry! We’re currently working to resolve this inconvenient issue. If you’d like to receive progress status updates, please sign up here.
I'm not sure that this is the same issue as "Error Ref 9-945-263". I don't get this error.
If it were, when can I expect this to be fixed? It's been weeks now with the same error and the tax deadline is approaching quickly.
I just updated the desktop app again but it doesn't seem to be fixed.
Who can help?
Please go back through the 1098 section and remove any decimal points. Round .50 and up to the next dollar and .49 and less down to the whole dollar.
TurboTax chooses to use rounding.
According to the IRS:
“Computations
The following information may be useful in making the return easier to complete.
Rounding off dollars.
You can round off cents to whole dollars on your return and schedules. If you do round to whole dollars, you must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.
If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.”
Thanks! While the above wasn't what helped in the end, it got me closer to what was needed to resolve this: https://ttlc.intuit.com/community/taxes/discussion/no-outstanding-mortgage-principal-on-1098-form/00...
(e.g. there was a blank field for "Outstanding mortgage principal" in box 2 of one 1098 after the mortgage was bought by a different bank - with its own 1098; yet the error "Amount borrow" missing is really bad as this amount literally isn't asked for anywhere)
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