SCHEDULE J
(Form 1040 or 1040-SR)
Department of the Treasury
Internal Revenue Service (99)
Income Averaging for
Farmers and Fishermen
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Attach to Form 1040, Form 1040-SR, or Form 1040-NR.
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Go to www.irs.gov/ScheduleJ for instructions and the latest information.
OMB No. 1545-0074
2019
Attachment
Sequence No.
20
Name(s) shown on return Social security number (SSN)
1 Enter the taxable income from your 2019 Form 1040 or 1040-SR, line 11b, or Form 1040-NR, 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 2019 tax rates (see instructions) . . . . . . . 4
5 If you used Schedule J to figure your tax for:
• 2018, enter the amount from your 2018 Schedule J, line 11.
• 2017 but not 2018, enter the amount from your 2017 Schedule J, line 15.
•
2016 but not 2017 or 2018, 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 1040-NR, line 41; or Form
1040-NR-EZ, line 14. If zero or less, see instructions.
}
5
6 Divide the amount on line 2a by 3.0 . . . . . . . . . . . . . . 6
7 Combine lines 5 and 6. If zero or less, enter -0- . . . . . . . . . . 7
8 Figure the tax on the amount on line 7 using the 2016 tax rates (see instructions) . . . . . . . 8
9 If you used Schedule J to figure your tax for:
• 2018, enter the amount from your 2018 Schedule J, line 15.
• 2017 but not 2018, 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 1040-NR, line 41; or Form
1040-NR-EZ, line 14. If zero or less, see instructions.
}
9
10 Enter the amount from line 6 . . . . . . . . . . . . . . . . 10
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 2017 tax rates (see instructions) . . . . . . . 12
13
If you used Schedule J to figure your tax for 2018, enter the amount from your
2018 Schedule J, line 3. Otherwise, enter the taxable income from your 2018
Form 1040, line 10; Form 1040-NR, line 41; or Form 1040-NR-EZ, line 14. If
zero or less, see instructions . . . . . . . . . . . . . . . . 13
14 Enter the amount from line 6 . . . . . . . . . . . . . . . . 14
15 Combine lines 13 and 14. If less than zero, enter as a negative amount . . 15
16 Figure the tax on the amount on line 15 using the 2018 tax rates (see instructions) . . . . . . . 16
17 Add lines 4, 8, 12, and 16 . . . . . . . . . . . . . . . . . . . . . . . . .
17
For Paperwork Reduction Act Notice, see your tax return instructions.
Cat. No. 25513Y Schedule J (Form 1040 or 1040-SR) 2019