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DO I have to do a schedule J to average my farm income?

I do not want to average my farm income over the past 3 years, and fill out a schedule J. Is that something I have to do?
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MayaD
Expert Alumni

DO I have to do a schedule J to average my farm income?

Use Schedule J (Form 1040) to elect to figure your 2022 income tax by averaging, over the previous 3 years (base years), all or part of your 2022 taxable income from your trade or business of farming or fishing. This election may give you a lower tax if your 2022 income from farming or fishing is high and your taxable income for 1 or more of the 3 prior years was low. IRS.gov

 

If you don't want to use schedule J, you can delete it.

How do I view and delete forms in TurboTax Online?

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