3546495
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

You might have duplicate Form 1099-DIVs

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.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ThomasM125
Expert Alumni

You might have duplicate Form 1099-DIVs

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

You might have duplicate Form 1099-DIVs

@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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question