Deductible Home Mortgage Interest Worksheet

[jonk1313]

Respectfully, this isn't really a good answer. We all bought the program expecting to be able to electronically file our taxes at purchase, not at some unspecified later date and not with dodgy workarounds.  Having more than one 1098 is not a particularly niche problem, and the relevant IRS form has been available for some time. I think it is only fair to expect a time-table on when this functionality will be present in the program, especially now that the originally specified date has passed. Alternatively, the program should allow me a means of overriding this error now that I have checked the math, or if this problem is not solvable for intuit then perhaps a means of requesting a refund on the purchase price due to the software being non-functional. 

[erhamm]

Waiting myself. Any time frame on the update you can share?

[Syaorandc]

@DianeW777 , 

This is not a solution. My 1098s are already combined, that is not the issue. I sold a house then bought another house. I have three 1098s, one for the old house, 2 for the new one(combined).  My average balance is less than 750K and it shows on the form. The form simply keeps saying my name is wrong, when it isn't and changing it does not fix it.  Please stop with the "combined 1098" solution because that is NOT the issue.

[Kauffee]

I agree that this is getting ridiculous that this basic worksheet is not available yet.  With selling and buying homes this year, I'm not in a position where I would be able to consolidate the 1098 forms.  I've been ready to submit my taxes for a couple of weeks now, but being blocked from doing so due to this worksheet.

I also received a notification to file by 2/28 for a discount when I'm being blocked from doing so by TurboTax itself.  Maybe it is time to look at a different platform to file my taxes.

[chuckster59]

Being that I work with a large team of software developers, usually what happens is that the team lead will assign resources (soft. devs.) to an issue and give them a target date to have it written, tested and rolled out to production (users). Might be some internal "hope" date; you know it isn't the IRS. They want their money ASAP, Jack. 

[ValenGue]

I ended up filing my taxes with FreeTaxUSA. Cannot keep waiting for this form to be available.

[A_h15]

Any update on the fix?

[Andira13]

It's after 7PM PST on the 17th, I've been waiting weeks to file, and still can't... What is the deal TurboTax?! 

[karissanaslund]

Me too!

[slrising]

When is this going to be fixed, this is a three-year-old issue at least and it still isn't working???  I've even overrode the numbers with the correct calculations, and it won't let me file still.  

I'm going to want a refund for both the online and desktop versions if this isn't fixed properly and fast without some half-baked solution of erroneously entering our information to get the program to work and allow you to file.  

If you going to suggest lying on our taxes the least, you could do is offer free audit defense for anyone who does follow your work arounds.  

@DianeW777 

Maybe we need to contact the BBB to get you moving along to fix this known issue? 

How much tax money have you been costing people in lesser returns, amendments and the like without them realizing it doesn't perform the calculations correctly if you only have on 1098 above the threshold of limitations and it just gets worse from there if you add in no points calculated improper calculations of acquisition debt, maybe there is even more I haven't discovered yet??  

[jack26181]

The problem is actually worse than others have indicated here. Yes, it's now Feb. 18, and TurboTax still hasn't finalized the form that it said would be done on Feb. 17. So I still can't file my taxes. And no one has any reliable estimate of whether or when the form will be finalized. 

But TurboTax also gets the math wrong. The online interview assumes that the only way to calculate a mortgage's average balance for the year is to take an average of the starting and final balances. But IRS Publication 936 for 2021, which has been ready since early December, makes clear on page 13 that there are other choices. One of them is to take an average of balances for each month of the year. 

That matters quite a bit if you sold one house and bought another in 2021, and had two mortgages, each for only part of the year. In my case, the difference between those two methods works out to about $5,000 in allowable interest deduction. 

Now I'm left deciding whether to try to rig the online interview to get the result I want on the forms, and overcome TurboTax's form-not-finalized glitch, or ask for a refund for the fee I've already paid, and try the IRS's free fillable forms online. 

[Skiaddict]

TODAY IS FEBRUARY 18 and it’s still not available. WTF

[bblade]

This is ridiculous. I am considering opting out of turbo tax starting this year.

[new user2]

new date is 2/24/2022 from customer service 

[Nevada707]

Same problem, using Home & Business for Mac.  Not fixed as of February 18, 2022.  Promises Promises!