Schedule J (Form 1 Income Averaging for Farmers and Fishermen

Income Averaging for
Farmers and Fishermen

SCHEDULE J
(Form 1040)

OMB No. 1545-0074

2010

▶ Attach to Form 1040 or Form 1040NR.
▶ See Instructions for Schedule J (Form 1040).

Department of the Treasury
Internal Revenue Service (99)

Attachment
Sequence No. 20
Social security number (SSN)

Name(s) shown on return

1
2a

Enter the taxable income from your 2010 Form 1040, line 43, or Form 1040NR, line 41

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1

Enter your elected farm income (see page J-2). Do not enter more than the amount on line 1 .

2a

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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

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2c

3

Subtract line 2a from line 1 .

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4

Figure the tax on the amount on line 3 using the 2010 tax rates (see page J-2) .

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5

If you used Schedule J to figure your tax for:
• 2009, enter the amount from your 2009 Schedule J, line 11.
• 2008 but not 2009, enter the amount from your 2008 Schedule J, line 15.
• 2007 but not 2008 or 2009, enter the amount from your 2007
Schedule J, line 3.
Otherwise, enter the taxable income from your 2007 Form 1040,
line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR,
line 40; or Form 1040NR-EZ, line 14. If zero or less, see page J-2.

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12

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5

6

Divide the amount on line 2a by 3.0 .

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6

7

Combine lines 5 and 6. If zero or less, enter -0-

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7

8

Figure the tax on the amount on line 7 using the 2007 tax rates (see page J-4) .

9

If you used Schedule J to figure your tax for:
• 2009, enter the amount from your 2009 Schedule J, line 15.
• 2008 but not 2009, enter the amount from your 2008 Schedule J, line 3.
Otherwise, enter the taxable income from your 2008 Form 1040,
line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form 1040NR,
line 40; or Form 1040NR-EZ, line 14. If zero or less, see page J-7.

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10

Enter the amount from line 6

11

Combine lines 9 and 10. If less than zero, enter as a negative amount

12

Figure the tax on the amount on line 11 using the 2008 tax rates (see page J-8) .

13

If you used Schedule J to figure your tax for 2009, enter the amount from
your 2009 Schedule J, line 3. Otherwise, enter the taxable income from your
2009 Form 1040, line 43; Form 1040A, line 27; Form 1040EZ, line 6; Form
1040NR, line 40; or Form 1040NR-EZ, line 14. If zero or less, see page J-11.

13

14

Enter the amount from line 6

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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 2009 tax rates (see page J-12)

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16

17

Add lines 4, 8, 12, and 16

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17

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For Paperwork Reduction Act Notice, see your tax return instructions.

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15

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Cat. No. 25513Y

Schedule J (Form 1040) 2010

Page 2

Schedule J (Form 1040) 2010

18

Amount from line 17 .

19

If you used Schedule J to figure your tax for:
• 2009, enter the amount from your 2009 Schedule J, line 12.
• 2008 but not 2009, enter the amount from your 2008 Schedule J,
line 16.
• 2007 but not 2008 or 2009, enter the amount from your 2007
Schedule J, line 4.

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Otherwise, enter the tax from your 2007 Form 1040, line 44;*
Form 1040A, line 28;* Form 1040EZ, line 10; Form 1040NR, line
41;* or Form 1040NR-EZ, line 15.
20

21

If you used Schedule J to figure your tax for:
• 2009, enter the amount from your 2009 Schedule J, line 16.
• 2008 but not 2009, enter the amount from your 2008 Schedule J,
line 4.
Otherwise, enter the tax from your 2008 Form 1040, line 44;*
Form 1040A, line 28;* Form 1040EZ, line 11; Form 1040NR, line
41;* or Form 1040NR-EZ, line 15.

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20

If you used Schedule J to figure your tax for 2009, enter the amount
from your 2009 Schedule J, line 4. Otherwise, enter the tax from
your 2009 Form 1040, line 44;* Form 1040A, line 28;* Form 1040EZ,
line 11; Form 1040NR, line 41;* or Form 1040NR-EZ, line 15 . .

21

*Do not include any tax reported on this line from Forms 8814, 4972, or 8889, or from recapture of an education
credit or charitable contribution deduction. Also, do not include alternative minimum tax from Form 1040A.
22

Add lines 19 through 21 .

23

Tax. Subtract line 22 from line 18. Also include this amount on Form 1040, line 44 or Form 1040NR, line 42

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Caution. Your tax may be less if you figure it using the 2010 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) 2010