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Farm partnership and income averaging?

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    #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?
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    #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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      #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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