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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
The issue has been submitted and is currently under investigation. Please click on the following link and sign up for an email notification when it's fixed.
Home Mortgage interest being limited
Thank You for your patience.
Your deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status) for tax years prior to 2018. Beginning in 2018, this limit is lowered to $750,000. Mortgages that existed as of December 14, 2017 will continue to receive the same tax treatment as under the old rules.
For tax years before 2018, you can also generally deduct interest on home equity debt of up to $100,000 ($50,000 if you're married and file separately) regardless of how you use the loan proceeds. For details and learn more, click here: Home mortgage interest limitation
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Here is the workaround solution:
If you have more than one 1098 form, I will recommend you to combine all 1098 forms and enter as one. I am attaching a TurboTax link for the instructions how to do claim your mortgage interests. Click here:
For tax years prior to 2018, your mortgage interest deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status). Beginning in 2018, this limit is lowered to $750,000. For more information about the mortgage interest deductions, click here: Mortgage Interest deduction
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
The issue has been submitted and is currently under investigation. Please click on the following link and sign up for an email notification when it's fixed.
Home Mortgage interest being limited
Thank You for your patience.
Your deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status) for tax years prior to 2018. Beginning in 2018, this limit is lowered to $750,000. Mortgages that existed as of December 14, 2017 will continue to receive the same tax treatment as under the old rules.
For tax years before 2018, you can also generally deduct interest on home equity debt of up to $100,000 ($50,000 if you're married and file separately) regardless of how you use the loan proceeds. For details and learn more, click here: Home mortgage interest limitation
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Is there any idea when this issue may be resolved? I'm having the same problem and did 2 live chat's and one phone call before I found this support form. No one had a clue what to do. Thanks
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Some TurboTax customers are experiencing an issue with their Home Mortgage Average Balance. This can cause in the the Home Mortgage Interest to be incorrectly limited.
If you're experiencing the issue above, please go here to receive email notifications when any updates related to this issue become available. At the present time, we do not have an ETA on when this will be resolved.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Super...
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Some TurboTax customers are experiencing an issue with their home mortgage average balance. This can cause the home mortgage interest to be incorrectly limited. This may be affecting your tax return.
Please sign up for email notifications when an update related to this issue is available here.
See also this TurboTax Help.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
I was sent an email this morning stating this issue was fixed in Turbo Tax Live it the system would update itself. It stills remains present and I'm unable to to E-file. I deleted all 1098 forms and re-entered them hoping that would help, but the same message continues to populate every time I try to file.
What is my next step?
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
I am at the same point exactly. I cannot e-file because of that. And I am getting an email that the issue has been resolved. I had already 5-6 calls on the issue, but it continues (despite optimistic email)
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Here is the workaround solution:
If you have more than one 1098 form, I will recommend you to combine all 1098 forms and enter as one. I am attaching a TurboTax link for the instructions how to do claim your mortgage interests. Click here:
For tax years prior to 2018, your mortgage interest deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status). Beginning in 2018, this limit is lowered to $750,000. For more information about the mortgage interest deductions, click here: Mortgage Interest deduction
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
If turbo tax can't provide a product that works then it needs to be sold at a discount.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 9-945-263 |
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Please click What do I do if I have multiple 1098s from refinancing my home debt? to learn how to resolve the reference codes.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Why is this taking so long to fix? I've been waiting almost a month. I have to file State in a couple weeks. No extension with the State. I will be switching to H&R BLOCK for next year unless this is fixed immediately. Get the right IT people to work on it.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
Please see the Help Article here for more details and instructions on how to get through this error.
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Not sure what to do about this? Deductible Home Mortgage Interest Wks: Your calculations could not be completed. Reference code: 7-532-468
I tried the hot fix, deleted my 1098's and re-entered but still can't e-file. This is totally unacceptable and disappointing with the way TurboTax is responding. I do not hear anything from TurboTax. Thinking about contacting the Better Business Bureau as well as requesting a refund.
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