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Lee Cash
Level 1

How do I get turbotax online to calculate Income Averaging?

Tax year income for 2021 was much higher than 2020. If I could average the two years, it would help.
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‎April 5, 2022 11:54 AM
last updated ‎April 05, 2022 11:54 AM
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DianeW777
Expert Alumni
Expert Alumni

How do I get turbotax online to calculate Income Averaging?

It depends.  Only farmers or fishermen are allowed to use income averaging to calculate their tax.  TurboTax does have this form and the capability to average income for these professions (Schedule F).

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‎April 5, 2022 12:09 PM
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