Farm partnership and income averaging?

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  • JenMO
    Senior Member
    • Apr 2007
    • 974
    #1

    Farm partnership and income averaging?

    client is partner in a farm partnership. this is his only income, t he K-1. Can I use a Sch J on his individual return and average?
    Tags: None
    • TAXNJ
      Senior Member
      • Jan 2007
      • 2106
      #2
      Have you read

      Have you read "WHO CAN... ". The following three sentences to answer your question:

      404 | Internal Revenue Service
      https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Farm-Income-Averaging-Agriculture-Tax-Tips
      404
      Always cite your source for support to defend your opinion

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        • Jiggers
          Senior Member
          • Sep 2005
          • 1973
          #3
          Read the instructions for Schedule J and what can be used for farm income. It does reference Schedule E, Part II.
          Jiggers, EA

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