Use Schedule J (Form 1040) to elect to figure your income tax by averaging, over the previous 3 years (base years), all or part of your taxable income from your trade or business of farming or fishing. This election may give you a lower tax if your income from farming or fishing last year is high and your taxable income for one or more of the 3 prior years was low. Current revision Schedule J (Form 1040) PDF Instructions for Schedule J (Form 1040) | Print version PDF | eBook EPUB Recent developments None at this time. Other items you may find useful All Schedule J (Form 1040) revisions About Publication 225, Farmer's Tax Guide Other current products Related items About Form 1040, U.S. Individual Income Tax Return About Form 1040-NR, U.S. Nonresident Alien Income Tax Return About Form 1040-X, Amended U.S. Individual Income Tax Return About Form 1045, Application for Tentative Refund About Form 2555, Foreign Earned Income About Form 4506, Request for Copy of Tax Return About Schedule F (Form 1040), Profit or Loss From Farming
