AmyC
Expert Alumni

Business & farm

The potential causes of zero:

  • If TurboTax does not have your information for years 2022-2024 it can't calculate an average. You need to enter the prior year data.
  • Your net farm profit Sch F line 34 is limited by 1040 line 15. If you have no taxable income, you can't average it.
  • If you are in Forms mode, switch to step by step and use farm income averaging. The program prefers step by step.
  • Check your Sch F - a loss is not eligible
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post