I was born
the same year Lennon was shot.
He was forty when he died.
I was zero when I lived.
<--I don't think you need this verse. It kind of repeats what you have already said about being born the year he died.
He promoted peace and love.
I was a terror to my sisters.
He found his so-called soul mate.
I have never had a boyfriend.
His mother had him, but he never had her.
My mother had me, but later she lost me.
<--maybe "but lost me"
His father left him, but he never left his father.
My father was always there, watching TV, not me.
He was wealthy but said: Imagine no possessions.
<--I think it was more "imagine not needing to have possessions" I also think you maybe need a stronger contrast in your own life to that line.
I am poor, and try not to imagine no possessions.
He was the walrus. (Or was that Paul?)
<--this made me chuckle. It was indeed John who wrote about the Walrus, a reference to Lewis Carroll's Alice through the looking glass
I’m the schizo. (Or was that me?)
<--maybe "or is that me"
He didn’t believe in God.
I do, but does He believe in me?
<<--good line
He said, Love is all you need.
I say, Love is all I want.
He died before he got old.
I am old, and only now, finally, beginning to live.
<--for me this doesn't work as Lennon was forty when he died and as it was 1980 you can only be 31 so not even the age Lennon was
Hope something helps
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