Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
octaswim
New Member

How can I complete the form that would allow me to use a 3 year average for the farm income?

 
1 Best answer

Accepted Solutions
Cattlerancher
New Member

How can I complete the form that would allow me to use a 3 year average for the farm income?

Type in schedule J in the search box, use "Jump to schedule J", farm income averaging.

Here is some reference material you may find useful when filling out schedule J.

https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/What-is-Schedule-J--Income-Averaging-fo...

https://www.irs.gov/pub/irs-pdf/i1040sj.pdf

View solution in original post

1 Reply
Cattlerancher
New Member

How can I complete the form that would allow me to use a 3 year average for the farm income?

Type in schedule J in the search box, use "Jump to schedule J", farm income averaging.

Here is some reference material you may find useful when filling out schedule J.

https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/What-is-Schedule-J--Income-Averaging-fo...

https://www.irs.gov/pub/irs-pdf/i1040sj.pdf

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.62m
Discussions

Manage cookies
v