PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 1040 (1040-SR) Schedule J
for the current year.
IRS Form 1040 (1040-SR) Schedule J Income Averaging for Farmers and Fishermen
What Is IRS Form 1040 (1040-SR) Schedule J?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. The document is a supplement to IRS Form 1040, and IRS Form 1040-SR. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 1040?
A: IRS Form 1040 is the U.S. Individual Income Tax Return.
Q: What is IRS Form 1040-SR?
A: IRS Form 1040-SR is a simplified version of Form 1040 designed for taxpayers who are 65 or older.
Q: What is Schedule J?
A: Schedule J is a form that allows farmers and fishermen to average their income over the previous three years.
Q: Who can use Schedule J?
A: Only farmers and fishermen can use Schedule J to average their income.
Q: What is income averaging?
A: Income averaging is a method that allows farmers and fishermen to smooth out fluctuations in their income over multiple years.
Q: Why do farmers and fishermen use income averaging?
A: Farmers and fishermen often experience income fluctuations due to the nature of their work, so income averaging helps to level out their tax liability.
Q: What are the benefits of using income averaging?
A: Using income averaging can help farmers and fishermen reduce their tax burden in years of high income.
Q: How do I file Schedule J?
A: To file Schedule J, you must complete it and attach it to your Form 1040 or Form 1040-SR.
Form Details:
- A 2-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 1040 (1040-SR) Schedule J through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 1040 (1040-SR) Schedule J Income Averaging for Farmers and Fishermen
1
2
