Retired in 21 but have two 1099s

[jimnauta]

I retired in March, so I have three months of regular employee income.  Then I worked for the same company as a consultant and will get two 1099 forms.  Can I file a simple non-itemized tax return, but then include deductions for self-employed expenses?  How do I do that? Will turbotax find all of the deductions to which I am entitled?  I hear that I can deduct medicare part b premiums.  I did pay estimated taxes through the year.

Thanks,

 Jim

[DMarkM1]

Yes.  You will enter your consulting business income and expenses as "Self-employed" income.  TurboTax will help you find all the potential business expenses for your business.  

You will enter the estimated taxes you paid in the "Deductions & Credits" tab.  Scroll down to "Estimates and other taxes paid."  "Show More" and then find the "Estimated Taxes paid" topic.

When you enter your form 1099-SSA for social security in the "Income" section you will have the opportunity to enter the Medicare premiums paid and those will transfer to schedule A for itemization.