Yes, this error comes up sometimes when the payer on a 1099-DIV is more than 29 characters long.
To fix this:
- Sign in to your TurboTax account.
- Select Wages & Income, then Edit.
- Scroll down to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto), select Start or Revisit to the right.
- Select the down arrow to the right of the 1099-DIV, then Edit.
- Shorten the name in the first box. You can use just the broker name, or use abbreviations to shorten the name. For example, if the 1099-DIV says "Fidelity Investments for GM employee stock plans Institutional Investments" enter just "Fidelity".
- Select Continue until you get back to Let’s finish pulling in your investment income.
- Select Review from the left side menu.
- Select Check my return.
- Address any details that come up.
- Once your return is clear of details, Continue through the screens until you submit your return for e-file.
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