Instructions For Schedule J (Form 1040) - Income Averaging For Farmers And Fishermen - 2017 Page 8

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Schedule D Tax Worksheet, lines 42 and
if you filed Form 2555 or 2555-EZ for
the amount on Schedule J, line 2b (and
44); or
2015, you must first complete the 2015
1/3 of the amount on line 2c, if any) to
The 2015 Foreign Earned Income
Foreign Earned Income Tax Worksheet,
2015. If for 2015 you had a capital loss
Tax Worksheet, later.
and then use the 2015 Schedule D Tax
that resulted in a capital loss carryover
Worksheet to figure the tax on the
to 2016, don't reduce the elected farm
If your elected farm income includes
amount on line 3 of the Foreign Earned
income allocated to 2015 by any part of
net capital gain, you must use the 2015
Income Tax Worksheet.
the carryover.
Schedule D Tax Worksheet to figure the
When completing the Schedule D
tax on the amount on line 11. However,
Tax Worksheet, you must allocate 1/3 of
2015 Tax Rate Schedules—Line 12
Schedule X—Use if your 2015 filing status was Single or you
Schedule Y-2—Use if your 2015 filing status was Married filing separately
checked filing status box 1 or 2 on Form 1040NR
or you checked filing status box 3, 4, or 5 on Form 1040NR
If
Enter on
If
Enter on
Schedule J,
Schedule J,
of the
Schedule J,
Schedule J,
line 11, is:
But not
line 12
amount
line 11, is:
But not
line 12
of the amount
Over—
over—
over—
Over—
over—
over—
$0 $9,225
...........
10%
$0
$0 $9,225
...........
10%
$0
9,225 37,450
$922.50
+
15%
9,225
9,225 37,450
$922.50
+
15%
9,225
37,450 90,750
5,156.25
+
25%
37,450
37,450 75,600
5,156.25
+
25%
37,450
90,750 189,300
18,481.25
+
28%
90,750
75,600 115,225
14,693.75
+
28%
75,600
189,300 411,500
46,075.25
+
33%
189,300
115,225 205,750
25,788.75
+
33%
115,225
411,500 413,200
119,401.25 +
35%
411,500
205,750 232,425
55,662.00
+
35%
205,750
413,200 .............
119,996.25 +
39.6% 413,200
232,425
..........
64,998.25
+
39.6%
232,425
Schedule Y-1—Use if your 2015 filing status was Married
Schedule Z—Use if your 2015 filing status was Head of household
filing jointly or Qualifying widow(er) or you checked filing
status box 6 on Form 1040NR
If
Enter on
If
Enter on
Schedule J,
Schedule J,
of the
Schedule J,
Schedule J,
line 11, is:
But not
line 12
amount
line 11, is:
But not
line 12
of the amount
Over—
over—
over—
Over—
over—
over—
$0 $18,450
...........
10%
$0
$0 $13,150
...........
10%
$0
18,450 74,900
$1,845.00
+
15%
18,450
13,150 50,200
$1,315.00
+
15%
13,150
74,900 151,200
10,312.50
+
25%
74,900
50,200 129,600
6,872.50
+
25%
50,200
151,200 230,450
29,387.50
+
28%
151,200
129,600 209,850
26,772.50
+
28%
129,600
230,450 411,500
51,577.50
+
33%
230,450
209,850 411,500
49,192.50
+
33%
209,850
411,500 464,850
111,324.00 +
35%
411,500
411,500 439,000
115,737.00
+
35%
411,500
464,850 ............
129,996.50 +
39.6% 464,850
439,000 ...........
125,362.00
+
39.6%
439,000
J-8

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