topic I retired last year how do I file tax now? in Retirement tax questions

I retired last year how do I file tax now?

samuel41 — Sat, 01 Jun 2019 02:24:12 GMT

Now that you're retired, you probably don't have W-2 wage...

LindaA — Sat, 01 Jun 2019 02:24:13 GMT

Now that you're retired, you probably don't have W-2 wages or self-employment income. However, you may be collecting a pension, Social Security benefits, or distributions from a retirement plan, such as a 401(k). When you start your return in TurboTax, we'll ask questions about your income and determine which 1040 tax form you need to file.

You might find the following links helpful:

IRS Tax Guide for Retirees

TurboTax Tax Tips for Retirement

Re: I retired last year how do I file tax now?

Wryverist — Sun, 31 Jan 2021 21:14:03 GMT

I tried TurboTax and found it impossible to use for retirement tax filling. I went to a CPA and have been for the last 4 years. Until TT advertises they have a tax solution for retirement situations I won’t bother with TT. I used it for years until I retired. It was a frustrating experience at best.

Re: I retired last year how do I file tax now?

PattiF — Sun, 31 Jan 2021 22:23:44 GMT

Retiree situations are various and range from those with Social Security and interest, to people with pensions, IRAs, Social Security, dividends, interest, stock sales, and self-employment.

TurboTax can help with all tax scenarios. The common retirement income situations are found in the Personal Income section.

Under the section Retirement Plans and Social Security are:

Social Security (SSA-1099, RRB-1099)
IRA, 401(k), Pension Plans (1099-R)
Canadian Registered Pension Income

Each button can help to guide the retired person through the tax return.

Re: I retired last year how do I file tax now?

20MSotelo21 — Thu, 13 May 2021 20:15:24 GMT

It giving me message “The Retirement Income Area Will Be Ready Soon” since yesterday.

Re: I retired last year how do I file tax now?

AnnetteB6 — Sat, 15 May 2021 15:32:50 GMT

Try updating your version of TurboTax if you are using the CD/downloaded version:

How do I update my TurboTax CD/Download software program?

@20MSotelo21