topic Lost my income in august 2016 and dont expect much for the next tax year. Can I average the income between 2016 and 2017 to reduces my libility for 2016? in After you file

Lost my income in august 2016 and dont expect much for the next tax year. Can I average the income between 2016 and 2017 to reduces my libility for 2016?

boak08 — Sat, 01 Jun 2019 04:43:26 GMT

Can I report part of my 2016 income in 2017 as my 2017 income is expected to be very low.

Is there a provision for income averaging over multiple years.

RichardG — Sat, 01 Jun 2019 04:43:28 GMT

Income averaging is no longer used for tax reporting. Each tax return must report only your income for the calendar year.