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Level 1
June 1, 2019
Solved

Can I income average with turbotax

  • June 1, 2019
  • 1 reply
  • 12 views
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Best answer by MichaelL1

Income averaging is only available for farmers and fisherman. It is completed on a Schedule J.

Schedule J is for farming and fishing income only and if you qualify you would need TurboTax Home & Business (Cd/Download) or Self-Employed (on-line).. 

So Yes, if you are a farmer or fisherman. 

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 1, 2019

Income averaging is only available for farmers and fisherman. It is completed on a Schedule J.

Schedule J is for farming and fishing income only and if you qualify you would need TurboTax Home & Business (Cd/Download) or Self-Employed (on-line).. 

So Yes, if you are a farmer or fisherman.