Hi Manali-1671,
Welcome to our Microsoft Q&A platform!
According to Xamarin.iOS 14.14 Release Notes, we can know that Xamarin.iOS 14.14 supports for Xcode 12.4.
So a workaround is to update the Xamarin.iOS to make it compatible with Xcode 12.4.
First, you need to uninstall the current Xamarin.iOS in your mac. You can use the script provided in this document.
rm -rf ~/Library/MonoTouch
sudo rm -rf /Library/Frameworks/Xamarin.iOS.framework
sudo rm -rf /Developer/MonoTouch
sudo pkgutil --forget com.xamarin.monotouch.pkg
sudo pkgutil --forget com.xamarin.xamarin-ios-build-host.pkg
sudo pkgutil --forget com.xamarin.xamarin.ios.pkg
Then go to Xamarin Version, select Xamarin.iOS on the left and download Xamarin.iOS (Mac) 14.14
Here is a similar thread found here: https://developercommunity.visualstudio.com/t/xcode-1131-is-currently-selected-in-preferences-an/973716
Regards,
Kyle
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