Howdy, I have always done my own taxes and have used turbo tax for going on two decades. Pretty straightforward filing for me. This year, is all as a retiree and has become more complicated. No W-2's, I suppose 1099's and whatever else will be coming my way. After retiring I bought an annuity with my 401k and we receive monthly payments until my wife and I are both dead. I also have one pension that pays until we are both dead. I also started receiving SS in February, I am 63. The wife is a few years out, she doesn't work outside the home. I also had an orphan defined benefit pension that was only worth $50k and I took that as a lump sum with 20% taxes on it. What is the general consensus, should I continue using something like Turbotax or seek out a pro? The rules on income/SS taxation, what is taxable and what isn't. Threshold calculations and differing methods of interpretation makes me a little dizzy. Not as clear cut as years past. So what do you think? Any retirees onboard with advice?
Thanks.
Thanks.