What is Form 1040-SR? How do I generate this form in Drake Tax?
Starting with tax year 2019, taxpayers age 65 or older (born before January 2, 1955) have the option of filing Form 1040-SR, Tax Return for Seniors, instead of Form 1040. The new form has a larger font size and prints on two pages. The line numbers match up with the revised 2019 Form 1040 and Schedules 1-3 can be attached, if needed.
The taxpayer/spouse does not have to be retired in order to use of the 1040-SR.
By default, Drake Tax automatically produces Form 1040-SR in lieu of Form 1040 when either the taxpayer or spouse was born before January 2, 1955 (date of birth entered on screen 1).
- To have the program produce Form 1040 instead of Form 1040-SR for one return, open the PRNT screen and select Produce 1040 instead of 1040-SR.
- To suppress Form 1040-SR globally, go to Setup > Options, Form & Schedule Options tab. Use the drop list for 1040-SR suppress, to select Suppress 1040-SR. Click OK.
For more information, see the 1040-SR Instructions.