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I retired from TX TRS and started to receive pension income. I continued working earning income from other jobs. How does this affect filing taxes.
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Enter ALL of your income on the same tax return. Enter your W-2 in Federal>Wages & Income
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
You will report your pension income on 1099-R and your self employment (assuming that you are self employed) income on Sch C. Your pension and net self employment income are taxed at your marginal tax rate but you will also pay self employment tax on your net self employment income.
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