My life has changed but the selection is not a choice, where do i find the right selection? i retired, paid off my house, pulled a bunch of money out of retirement...

There are two different events going on.

 

You took a large distribution from retirement and deferred comp.

• From what you described; this is all taxable.
• If you're over 59 1/2 it is not subject to the 10% penalty.

You paid off your mortgage and made home improvements.

• Since you paid off your mortgage it will reduce your itemized deductions.
• Other than that, there is no change in your tax status.
• You remodeled and made home improvements.
• Not counting repairs, this will be added to your homes cost basis that will be realized when you sell your home.

If this does not completely answer your question, please contact us again and provide some additional details.

 

What selection are you referring to?   Are you asking which version of the software to use?   If you are using the CD/download then every version of the CD/download has all of the forms and schedules.  If you are going to use online then you are going to need at least Deluxe for all of the things you are mentioning---and you could need to upgrade.  If an upgrade is needed the software will prompt it.

 

If you did not receive W-2 income for 2022, and a W-2 or employer transferred over from last year, then you can delete that employer and W-2 in Federal>Wages & Income.

 

If you have retirement income from Social Security or from retirement account distributions:

 

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.

 

 

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.

 

 

There is no deduction or credit for paying off your house.  If you paid any mortgage interest or property tax in 2022 you can enter those if you are itemizing deductions.

 

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and loan origination fees (“points”) that you paid in 2022. 

 

Home improvements and remodeling your own home are not deductible.  You should save all of your receipts and records of those expenses for someday when you sell the house.