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I retired mid year how do i document that on turbotax?

 
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2 Replies

I retired mid year how do i document that on turbotax?

Being retired is not reported on a tax return.

I retired mid year how do i document that on turbotax?

You do not document that you retired.   But if you have a combination of W-2 income and retirement income, those sorts of incomes are entered in different parts of the software.  

 

Enter your W-2 in Federal>Wages & Income.

 

If you are receiving Social Security benefits--   Do not try to enter your SSA1099  or RR1099RB as a W-2.  Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.

 

If you are receiving income from a pension or retirement account--

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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