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March 16, 2025
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can i manually input Section 1256 contracts into turbo tax home and business 2024?

  • March 16, 2025
  • 1 reply
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I have Section 1256 contracts from three brokerage accounts that came with the 1099-B that I imported but they do not show up in my forms within turbo tax.
Best answer by Mike9241

yes but you do that through the investment section under contracts and straddles. use line 11 of the 1256 reporting.  the number will show up on form 6781. the amounts flow to schedule D.

1 reply

Mike9241Answer
March 16, 2025

yes but you do that through the investment section under contracts and straddles. use line 11 of the 1256 reporting.  the number will show up on form 6781. the amounts flow to schedule D.

hoss1160Author
March 18, 2025

That worked. Thanks for the help.