Orthogonal time frequency space (OTFS) is a promising candidate waveform for the next generation wireless communication systems. OTFS places data in the delay-Doppler (DD) domain, which simplifies channel estimation in highmobility scenarios. However, due to the 2-D convolution effect of the time-varying channel in the DD domain, equalization is still a challenge for OTFS. Existing equalizers for OTFS are either highly complex or they do not consider intercarrier interference present in high-mobility scenarios. Hence, in this paper, we propose a novel two-stage detection technique for coded OTFS systems. Our proposed detector brings orders of magnitude computational complexity reduction compared to existing methods. At the first stage, it truncates the channel by considering only the significant coefficients along the Doppler dimension and performs turbo equalization. To reduce the computational load of the turbo equalizer, our proposed method deploys the modified LSQR (mLSQR) algorithm. At the second stage, with only two successive interference cancellation (SIC) iterations, our proposed detector removes the residual interference caused by channel truncation. To evaluate the performance of our proposed truncated turbo equalizer with SIC (TTE-SIC), we set the minimum mean squared error (MMSE) equalizer without channel truncation as a benchmark. Our simulation results show that the proposed TTE-SIC technique achieves about the same bit error rate (BER) performance as the benchmark.