Schedule J Form 1040 Income Averaging for Farmers and Fishermen

Instructions and help about Schedule J Form 1040 Income Averaging For Farmers And Fishermen

hey there youtube so for this video i wanted to cover the form 1040 schedule one that's included with your tax return so schedule one is used to report additional income and adjustments income you attach it to your 1040 1040 sr or your non-resident 1040 as it has stated up here at the top but what's important here is the schedule one is always included with your tax return even if these items are blank so if you're looking at your 1040 and you see that you've got a blank schedule one that might be okay right it's it's very possible that this could be blank if for example you just have uh you know one w-2 and maybe some investment income you likely might not have any items that are going to be reported in part 1 or part 2 here but what i want to do is just go through both parts and each line item and kind of high level cover what each line item represents and when you might need to include an amount there and then perhaps an additional schedule or form that ultimately has a number that