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February 20, 2024
Question

I have a situation where I earned $0 in 2021, won a prize of $68,000 in 2022 with no other income, and had $12K income in 2023. Grad school student. Can I avg income?

  • February 20, 2024
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1 reply

February 20, 2024

No. You can't average your income for tax purposes.

 

Each year's income is reported separately on that year's tax return.

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