Get your taxes done using TurboTax

I think the root cause of the problem is described here (shortened the link) :

 

https://intuit.me/2Ym2caq

 

Long story short: if you have an 1099-DIV with a quantity greater than zero (0.00) for box 5a, it is prompting TurboTax to introduce a QBI (Qualified Business Income) deduction automatically. This in turn, creates a company name of "n/a" for said deduction. See below:

 

opera_2020-06-22_15-08-13.png

 

That forward slash (/) is very problematic when dealing with XML (computer file format) which is what the IRS expects. That character is throwing it off kilter and making it being rejected. This QBI thing is not optional. TurboTax just sees the value on the 1099-DIV 5a and gives no choice but to include it (with the said bad name of n/a).