Should I always use the 1040SR? I don't think it can itemize. I am just wondering if by using the regular 1040 it will disadvantage them.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
The tax will be the same no matter which form is used. I am not using SR. I have a hard enough time remembering where things should show up the new 1040. Not looking to learn another form.
I do a lot of returns for retired folks so out of curiosity, I went in and counted all of the returns I prepared in the 1040SR format. If my math is correct, to date I have zero 1040SR returns. I am hoping to decrease that amount next year. Who knows, maybe next year they will come out with something new again. Maybe a 1040COVID to help account for all of those permanently retired folks named deceased that received stimulus payments.
I dont use it, I never used the 1040A or 1040EZ either. It's easier for me if everyone uses the same form.
My feeling, too.
Same schedules, same options, different Size for easier fill in by Old People:
https://www.irs.gov/newsroom/new-form-1040-sr-alternative-filing-option-available-for-seniors
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.