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 for enhanced readability. The line numbers match up with the revised Form 1040 and Schedules 1-3 can be attached, if needed.
The taxpayer/spouse does not have to be retired in order to use 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 on the Miscellaneous tab 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.
Starting in Drake20, Form 1040-SR has been expanded to four pages instead of two. In view mode, only three pages are shown as page 4 is just the Standard Deduction chart. If you want to print page 4, go to the PRNT screen and mark the box Produce Form 1040-SR page 4.
For more information, see the 1040-SR Instructions.
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