You'll need to sign in or create an account to connect with an expert.
Sorry but interest income is not farm income. Income averaging is only allowed for farmers and fishermen with earned income due to highly fluctuating annual income.
Sorry but interest income is not farm income. Income averaging is only allowed for farmers and fishermen with earned income due to highly fluctuating annual income.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
CA_Tax_Payer
Level 3
BM85
Returning Member
GeorgeTheTaxinator
New Member
femi_
Level 1
mrlloyd95
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.