Schedule J (Form 1040) - Income Averaging For Farmers And Fishermen - 2017
Download a blank fillable Schedule J (Form 1040) - Income Averaging For Farmers And Fishermen - 2017 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) - Income Averaging For Farmers And Fishermen - 2017 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
1
2Income Averaging for
SCHEDULE J
OMB No. 1545-0074
(Form 1040)
Farmers and Fishermen
2017
Attach to Form 1040 or Form 1040NR.
▶
Department of the Treasury
Attachment
20
Go to for instructions and the latest information.
Internal Revenue Service (99)
▶
Sequence No.
Social security number (SSN)
Name(s) shown on return
1
Enter the taxable income from your 2017 Form 1040, line 43, or Form 1040NR, line 41
.
.
.
1
2a Enter your elected farm income (see instructions). Do not enter more than the amount on line 1
2a
Capital gain included on line 2a:
b Excess, if any, of net long-term capital gain over net short-term
capital loss
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
2b
c Unrecaptured section 1250 gain
2c
.
.
.
.
.
.
.
.
.
.
3
Subtract line 2a from line 1 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
3
4
Figure the tax on the amount on line 3 using the 2017 tax rates (see instructions) .
.
.
.
.
4
}
5
If you used Schedule J to figure your tax for:
• 2016, enter the amount from your 2016 Schedule J, line 11.
• 2015 but not 2016, enter the amount from your 2015 Schedule J, line 15.
• 2014 but not 2015 or 2016, enter the amount from your 2014
5
Schedule J, line 3.
Otherwise, enter the taxable income from your 2014 Form 1040, line
43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line
41; or Form 1040NR-EZ, line 14. If zero or less, see instructions.
6
Divide the amount on line 2a by 3.0 .
.
.
.
.
.
.
.
.
6
7
7
Combine lines 5 and 6. If zero or less, enter -0-
.
.
.
.
.
8
Figure the tax on the amount on line 7 using the 2014 tax rates (see instructions) .
.
.
.
.
8
}
9
If you used Schedule J to figure your tax for:
• 2016, enter the amount from your 2016 Schedule J, line 15.
• 2015 but not 2016, enter the amount from your 2015 Schedule J, line 3.
9
Otherwise, enter the taxable income from your 2015 Form 1040, line
43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line
41; or Form 1040NR-EZ, line 14. If zero or less, see instructions.
10
10
Enter the amount from line 6
.
.
.
.
.
.
.
.
.
.
.
11
Combine lines 9 and 10. If less than zero, enter as a negative amount
11
12
Figure the tax on the amount on line 11 using the 2015 tax rates (see instructions) .
.
.
.
.
12
13
If you used Schedule J to figure your tax for 2016, enter the
amount from your 2016 Schedule J, line 3. Otherwise, enter the
taxable income from your 2016 Form 1040, line 43; Form
1040A, line 27; Form 1040EZ, line 6; Form 1040NR, line 41; or
Form 1040NR-EZ, line 14. If zero or less, see instructions .
.
13
14
Enter the amount from line 6
.
.
.
.
.
.
.
.
.
.
.
14
15
15
Combine lines 13 and 14. If less than zero, enter as a negative amount
16
Figure the tax on the amount on line 15 using the 2016 tax rates (see instructions) .
.
.
.
.
16
17
17
Add lines 4, 8, 12, and 16
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
For Paperwork Reduction Act Notice, see your tax return instructions.
Schedule J (Form 1040) 2017
Cat. No. 25513Y
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial