topic Re: 1040-SR? in Get your taxes done using TurboTax

1040-SR?

ldamario — Tue, 09 Feb 2021 23:27:37 GMT

All the time I was doing my 2020 tax return with TurboTax, I thought I was using Form 1040. That's what I would look at when switching from EasyStep to Forms. But when I printed a digital copy of my tax return after filing it electronically, I saw that what was submitted was Form 1040-SR. But the strange thing is that when I look at the list of available forms in Form mode, there is a Form 1040 and a Form1040/1040-SR Worksheet, but no Form 1040-SR. Where is Form 1040-SR?

Re: 1040-SR?

DoninGA — Tue, 09 Feb 2021 23:29:25 GMT

A Form 1040-SR is exactly the same as a Form 1040 only will a larger typeface. It is for those who are age 65 or older.

Re: 1040-SR?

ldamario — Tue, 09 Feb 2021 23:33:47 GMT

Yes, but still there is the issue of why 1040-SR doesn't show up in the list of forms.

Re: 1040-SR?

DoninGA — Tue, 09 Feb 2021 23:42:35 GMT

@ldamario wrote:

Yes, but still there is the issue of why 1040-SR doesn't show up in the list of forms.

If you print the Form 1040 and you are age 65 or older it will print as a Form 1040-SR.

Why it is not listed is a question for the programmers. Assume there was no need to show the same form twice

Re: 1040-SR?

macuser_22 — Tue, 09 Feb 2021 23:49:43 GMT

@ldamario wrote:

Yes, but still there is the issue of why 1040-SR doesn't show up in the list of forms.

In software the 1040 & 1040SR are the same form. It is only different on the IRS paper form with larger type in the 1040SR. On a computer there is no difference.

Re: 1040-SR?

ldamario — Wed, 10 Feb 2021 01:30:37 GMT

Good point.

Re: 1040-SR?

ldamario — Wed, 10 Feb 2021 01:31:17 GMT

Makes sense.

Re: 1040-SR?

keywhee — Thu, 04 Mar 2021 22:09:36 GMT

If I am over 65 but do not want a 1040-SR printed, how can I avoid it? I would like only a regular 1040 printed.

Re: 1040-SR?

DoninGA — Thu, 04 Mar 2021 22:14:53 GMT

@keywhee wrote:

If I am over 65 but do not want a 1040-SR printed, how can I avoid it? I would like only a regular 1040 printed.

Why? They are Exactly the same form with the exact same line numbers, calculations, adjustments, deductions, credits, etc. The only difference is the the Form 1040SR has a large type then the Form 1040.

Re: 1040-SR?

ldamario — Thu, 04 Mar 2021 22:46:59 GMT

I believe you have no choice, and 1040 and 1040SR are the same form.

Re: 1040-SR?

Josie7 — Fri, 05 Mar 2021 22:36:59 GMT

I am finding they are not the same----4c and 4d are now missing on 2020 - only 5a for Pensions/annuities - so this total screws up total adjustments to income---which now for me is more than 3 times less than should be---

and w/this I would be getting a huge refund---go figure----I cannot be only one having this problem - HELP

Re: 1040-SR?

macuser_22 — Fri, 05 Mar 2021 22:40:26 GMT

@Josie7 wrote:

I am finding they are not the same----4c and 4d are now missing on 2020 - only 5a for Pensions/annuities - so this total screws up total adjustments to income---which now for me is more than 3 times less than should be---

and w/this I would be getting a huge refund---go figure----I cannot be only one having this problem - HELP

The only way that it would be on line 5 and not line 4 is if you failed to check the IRA/SEP/SIMPLE box in TurboTax.

Re: 1040-SR?

Josie7 — Fri, 05 Mar 2021 23:13:22 GMT

Line 4a- is IRA Distributions - nothing there - 4b - shows Taxable amt.

Line 5a - Pensions and annuities - shows amt - 5b - only shows taxable amt.

Problem w/ 4c/4d missing - so did go over to line up income amt.

Re: 1040-SR?

macuser_22 — Fri, 05 Mar 2021 23:18:58 GMT

Did you see my post above yours?

It is on line 5 because you did not check the IRA/SEP/SIMPLE box.

Is the IRA/SEP/SIMPLE box checked on the 1099-R you received?

Re: 1040-SR?

Josie7 — Fri, 05 Mar 2021 23:58:32 GMT

Where is it hiding? Page?

Re: 1040-SR?

VolvoGirl — Sat, 06 Mar 2021 00:01:39 GMT

If you are 65 or older you automatically get the 1040SR. It is the same as the regular 1040 just larger type so it is on 3 pages instead of 2. When you efile the form doesn’t get sent just the data. It only shows up if you download or print your return.

Re: 1040-SR?

NoNameProvided — Thu, 11 Mar 2021 02:51:27 GMT

In the download version, if you are over 65+ it defaults to 1040-SR even if you itemize.

You can change this setting by going to:

Forms

Scroll down to: Info Wks

In Part II of the Federal Info Worksheet there is this option: Print Form 1040 SR instead of Form 1040

Change from YES (default) to NO

This option may not be available in the online version.

Re: 1040-SR?

Harolyn5998 — Tue, 13 Apr 2021 13:04:24 GMT

My problem is my 1040 printed out on a 1040-SR and used my itemized deductions, rather than the standard deduction, which is smaller. However, what I find is that if you use 1040-SR, you must use the standard deduction. So why did TurboTax put me on a 1040-SR when I have itemized deductions?

Re: 1040-SR?

MayaD — Tue, 13 Apr 2021 14:43:39 GMT

Form 1040-SR, features larger print and a standard deduction chart with a goal of making it easier for older Americans to read and use.

Eligible taxpayers can use Form 1040-SR whether they plan to itemize or take the standard deduction. Taxpayers who itemize deductions can file Form 1040-SR with a Schedule A, Itemized Deductions, when filing their return.

For more information please check New Form 1040-SR

Re: 1040-SR?

macuser_22 — Tue, 13 Apr 2021 14:43:49 GMT

@Harolyn5998 wrote:

My problem is my 1040 printed out on a 1040-SR and used my itemized deductions, rather than the standard deduction, which is smaller. However, what I find is that if you use 1040-SR, you must use the standard deduction. So why did TurboTax put me on a 1040-SR when I have itemized deductions?

The 1040SR has nothing to do with deductions whatsoever.

The 1040 and 1040SR are exactally the same, but the IRS printed *paper* 1040SR is in larger type for those over 65 with poor eyesight. On a computer there are the same form.

You can use either deduction with either form.