IRS Form 1040 2018 Schedule J - Income Averaging for Farmers and Fishermen

IRS Form 1040 or the "Schedule J - Income Averaging For Farmers And Fishermen" is a form issued by the U.S. Department of the Treasury - Internal Revenue Service.

Download a PDF version of the latest IRS Form 1040 down below or find it on the U.S. Department of the Treasury - Internal Revenue Service Forms website.

Step-by-step Form 1040 instructions can be downloaded by clicking this link.

ADVERTISEMENT
Income Averaging for
SCHEDULE J
OMB No. 1545-0074
(Form 1040)
Farmers and Fishermen
2018
Attach to Form 1040 or Form 1040NR.
Department of the Treasury
Attachment
20
Go to www.irs.gov/ScheduleJ 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 2018 Form 1040, line 10, 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 2018 tax rates (see instructions) .
.
.
.
.
4
}
5
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 11.
• 2016 but not 2017, enter the amount from your 2016 Schedule J, line 15.
• 2015 but not 2016 or 2017, enter the amount from your 2015
5
Schedule J, line 3.
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.
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 2015 tax rates (see instructions) .
.
.
.
.
8
}
9
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 15.
• 2016 but not 2017, enter the amount from your 2016 Schedule J, line 3.
9
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.
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 2016 tax rates (see instructions) .
.
.
.
.
12
13
If you used Schedule J to figure your tax for 2017, enter the
amount from your 2017 Schedule J, line 3. Otherwise, enter the
taxable income from your 2017 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 2017 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) 2018
Cat. No. 25513Y
Income Averaging for
SCHEDULE J
OMB No. 1545-0074
(Form 1040)
Farmers and Fishermen
2018
Attach to Form 1040 or Form 1040NR.
Department of the Treasury
Attachment
20
Go to www.irs.gov/ScheduleJ 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 2018 Form 1040, line 10, 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 2018 tax rates (see instructions) .
.
.
.
.
4
}
5
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 11.
• 2016 but not 2017, enter the amount from your 2016 Schedule J, line 15.
• 2015 but not 2016 or 2017, enter the amount from your 2015
5
Schedule J, line 3.
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.
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 2015 tax rates (see instructions) .
.
.
.
.
8
}
9
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 15.
• 2016 but not 2017, enter the amount from your 2016 Schedule J, line 3.
9
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.
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 2016 tax rates (see instructions) .
.
.
.
.
12
13
If you used Schedule J to figure your tax for 2017, enter the
amount from your 2017 Schedule J, line 3. Otherwise, enter the
taxable income from your 2017 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 2017 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) 2018
Cat. No. 25513Y
2
Page
Schedule J (Form 1040) 2018
18
18
Amount from line 17 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
}
19
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 12.
• 2016 but not 2017, enter the amount from your 2016 Schedule J,
line 16.
19
• 2015 but not 2016 or 2017, enter the amount from your 2015
Schedule J, line 4.
Otherwise, enter the tax from your 2015 Form 1040, line 44;*
Form 1040A, line 28;* Form 1040EZ, line 10; Form 1040NR, line
42;* or Form 1040NR-EZ, line 15.
}
20
If you used Schedule J to figure your tax for:
• 2017, enter the amount from your 2017 Schedule J, line 16.
• 2016 but not 2017, enter the amount from your 2016
20
Schedule J, line 4.
Otherwise, enter the tax from your 2016 Form 1040, line 44;*
Form 1040A, line 28;* Form 1040EZ, line 10; Form 1040NR, line
42;* or Form 1040NR-EZ, line 15.
21
If you used Schedule J to figure your tax for 2017, enter the amount
from your 2017 Schedule J, line 4. Otherwise, enter the tax from
your 2017 Form 1040, line 44;* Form 1040A, line 28;* Form 1040EZ,
line 10; Form 1040NR, line 42;* or Form 1040NR-EZ, line 15 .
.
21
*Only include tax reported on this line that is imposed by section 1 of the Internal Revenue Code
(see instructions). Do not include alternative minimum tax from Form 1040A.
22
Add lines 19 through 21 .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
22
23
Tax. Subtract line 22 from line 18. Also include this amount on Form 1040, line 11; or Form 1040NR, line 42
23
Caution: Your tax may be less if you figure it using the 2018 Tax Table, Tax Computation Worksheet,
Qualified Dividends and Capital Gain Tax Worksheet, or Schedule D Tax Worksheet. Attach Schedule J
only if you are using it to figure your tax.
Schedule J (Form 1040) 2018

Download IRS Form 1040 2018 Schedule J - Income Averaging for Farmers and Fishermen

1451 times
Rate
4.4(4.4 / 5) 102 votes
ADVERTISEMENT
Page of 2