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.
Yes, but still there is the issue of why 1040-SR doesn't show up in the list of forms.
@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
@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.
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.
@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.
I believe you have no choice, and 1040 and 1040SR are the same form.
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
@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.
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.
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?
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.
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.
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?
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
@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.
I forgot to put in Social Security Income on 1040-SR form on online return on Turbo Tax return. Do I need to amend to put n SSI amount?
Yes if you have a SSA-1099 you need to add it to your return. Some of it may be taxable.
https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-return/00/27439
I don't want the SR version of 1040. How can I opt out? (It is ridiculous, and downright ageist, to assume anyone over 65 has bad eyesight. Get real. Who came up with that?)