Schedule J (Form 1040) - Farm Income Averaging - 1998
Download a blank fillable Schedule J (Form 1040) - Farm Income Averaging - 1998 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Schedule J (Form 1040) - Farm Income Averaging - 1998 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1Farm Income Averaging
OMB No. 1545-0074
SCHEDULE J
1998
(Form 1040)
Attach to Form 1040.
Attachment
Department of the Treasury
50
Internal Revenue Service
See Instructions for Schedule J (Form 1040).
Sequence No.
Name(s) shown on Form 1040
Social security number (SSN)
1
1
Enter your taxable income from Form 1040, line 39
2
2
Enter your elected farm income (see page J-1)
3
3
Subtract line 2 from line 1. If zero or less, enter -0-
4
Figure the tax on the amount on line 3. Use the 1998 Tax Table, Tax Rate Schedules, or
4
Schedule D, whichever applies
5
Enter the taxable income from your 1995 Form 1040, line 37; Form
5
1040A, line 22; Form 1040EZ, line 6; or Form 1040-T, line 25
6
6
Divide the amount on line 2 by 3.0
7
7
Add lines 5 and 6
8
Figure the tax on the amount on line 7. Use the 1995 Tax Rate Schedules or Capital Gain Tax
8
Worksheet, whichever applies (see page J-2)
9
Enter the taxable income from your 1996 Form 1040, line 37; Form
9
1040A, line 22; or Form 1040EZ, line 6
10
10
Enter the amount from line 6
11
11
Add lines 9 and 10
12
Figure the tax on the amount on line 11. Use the 1996 Tax Rate Schedules or Capital Gain
12
Tax Worksheet, whichever applies (see page J-3)
13
Enter the taxable income from your 1997 Form 1040, line 38; Form
13
1040A, line 22; or Form 1040EZ, line 6
14
14
Enter the amount from line 6
15
15
Add lines 13 and 14
16
Figure the tax on the amount on line 15. Use the 1997 Tax Rate Schedules or Schedule D,
16
whichever applies (see page J-4)
17
17
Add lines 4, 8, 12, and 16
18
Enter the tax from your 1995 Form 1040, line 38; Form 1040A, line
18
23; Form 1040EZ, line 10; or Form 1040-T, line 26
19
Enter the tax from your 1996 Form 1040, line 38*; Form 1040A, line
19
23; or Form 1040EZ, line 10
20
Enter the tax from your 1997 Form 1040, line 39*; Form 1040A, line
20
23; or Form 1040EZ, line 10
*Caution: Do not include any amount from For m 4972 or 8814.
21
21
Add lines 18 through 20
22
Subtract line 21 from line 17. If the result is less than the tax figured on the taxable income
on line 1 above using the 1998 Tax Table, Tax Rate Schedules, or Schedule D, also include
on Form 1040, line 40
22
For Paperwork Reduction Act Notice, see Form 1040 instructions.
Schedule J (Form 1040) 1998
Cat. No. 25513Y
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial