CKENN19
Problems with the same symptoms can (often do) have different causes, but....
Please take a look at foradobeuse's solution for this [..\..\Src\TImecode.cpp-1014] error message in Premiere Elements 11.
Premiere Elements Timecode.cpp-1014 error when adding media
See if that might work for you in 12.
Also, did you ever resolve your other issue relating to squeezed video that you posted not so long ago. Never saw a follow up on that here.
Dangling thread.
Please let us know the outcome with the DV data capture firewire into Premiere Elements 12/12.1 Capture Window.
Thank you.
ATR