You might have duplicate Form 1099-DIVs

Forum|Forum|1 year ago
March 7, 2025
2 replies
27 views

I am entering 1099-DIV information manually for both TD Ameritrade and Charles Schwab. I am getting this message -

"You might have duplicate Form 1099-DIVs. These forms have the same or similar information. Review the forms and delete duplicates to avoid filing errors."

Then it gives me an option to Delete Form 1 or Form 2 or Keep both the forms.

Why am I getting that message even though dividend amount is different on each form? My accounts were converted from TD Ameritrade to Charles Schwab some time last year.

Not A Product Question

ThomasM125

Level 15

It is possible they have the same federal ID number or the federal ID number entered is associated with both companies. That can happen when one company acquires the other. TurboTax is just warning you that there may be income duplicated on the forms or that you may have entered the same income twice. If not, you can disregard the warning.

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sking10Author

Level 4

@ThomasM125 Thanks for your response. I am not entering the Federal ID and the two statements also reflect different Federal IDs for each entity. I also received a confirmation from Charles Schwab that the TD statement covers the activity until the account takeover and Charles statement covers the activity post-account take over. I will disregard the warning.

MarilynG

Level 15

If you have multiple 1099's from the same bank with the same Payer ID, you can enter the combined totals in TurboTax. Many prefer to enter individually for tracking purposes, but the total for each bank is combined in TurboTax.

Here's more discussion on entering combined totals for 1099-Div's.

@tastebuddy

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