Three-year averaging method

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Investment tax credit or the Farmers' school tax credit filers only. Complete the below worksheet to determine your three-year average.

Description	Amount
1.  Excess federal gross income for this tax year	1. _______
2.  Gross income from farming for this tax year	2. _______
3.  Gross income from farming for the tax year that was one year prior to this tax year	3. _______
4.  Gross income from farming for the tax year that was two years prior to this tax year	4. _______
5.  Add lines 2, 3, and 4.  Divide this sum by 3	5. _______
6.  Divide line 5 by line 1, and round the result to four decimal places	6. _______

Instructions

Lines 1 and 2: These amounts can be found on Worksheets 1 through 5, depending on your filing type.

Lines 3 and 4: If you did not have any farm income in either of the previous two years, enter 0 for such years.

If you did not keep your worksheets from the previous two years, copy the appropriate worksheet depending on the type of filer and prepare for the prior years.